75 Baldwin Ave - Apartments FOR SALE


Newark, NJ 07108- Upper Clinton Hill
$960,000 USD
973-420-2100
75 Baldwin Ave, Newark, NJ for Sale
$960,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

75 Baldwin Ave
Newark, NJ 07108
Upper Clinton Hill


OVERVIEW

Rare opportunity to purchase 16 rooms rooming house in Clinton Hills, Newark , New Jersey. Owner is retiring. At the present time 13 rooms with $120K income to owner being very selective on tenants. Only working people. Fully leased this building will generate aproxx. $160k yearly income, expenses total $44K. Owner will provide 75% financing with 25% down payment to qualified individual. POF funds required prior making an appointment.

FOR SALE DETAILS

PRICE

$960,000 USD

PRICE/SF

$201 USD /SF

# OF UNITS

16

PRICE/UNIT

$60,000

CAP RATE

Request Cap Rate

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

-

APN/PARCEL ID

14-03004-0000-00013

ASK ABOUT THIS PROPERTY

Lev ShetsenLev Shetsen, LLCMore Info
973-420-2100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Lev ShetsenLev Shetsen, LLCMore Info
973-420-2100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.