Description
Back On Market!!! Legal 3 Family Property. 4 LIVING UNITS!!! CASH COW! Check out this updated 4 unit property located in the Vailsburg section of Newark. Potential to generate more than $7k+ a month in gross rental income! Utilities are updated including central air and heat. Tenants are current and on time. Minimal maintenance/updates required! On the 1st Floor Unit 1A & 1B are 1 bedroom. On the 2nd Floor Unit 2A & 2B are 2 bedrooms. Unit 2A is vacant and under renovation. Will be done by closing. Turnkey investment opportunity. HUGE unfinished basement with 3 rooms ready to be finished for another $2k worth of income bringing the total potential gross income to $8k+ a month! Close to shops, restaurants, schools, public transportation, and places of worship. Seller may allow a credit to help buyer buy down points for a better interest rate. Seller will also allow seller's concession towards closing costs. Refer to local tax assessor.
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6BEDS
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0.12ACRES
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4BATHS
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01/2 BATHS
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4,200SQFT
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$143$/SQFT
School Ratings & Info
Description
Back On Market!!! Legal 3 Family Property. 4 LIVING UNITS!!! CASH COW! Check out this updated 4 unit property located in the Vailsburg section of Newark. Potential to generate more than $7k+ a month in gross rental income! Utilities are updated including central air and heat. Tenants are current and on time. Minimal maintenance/updates required! On the 1st Floor Unit 1A & 1B are 1 bedroom. On the 2nd Floor Unit 2A & 2B are 2 bedrooms. Unit 2A is vacant and under renovation. Will be done by closing. Turnkey investment opportunity. HUGE unfinished basement with 3 rooms ready to be finished for another $2k worth of income bringing the total potential gross income to $8k+ a month! Close to shops, restaurants, schools, public transportation, and places of worship. Seller may allow a credit to help buyer buy down points for a better interest rate. Seller will also allow seller's concession towards closing costs. Refer to local tax assessor.
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Data last updated 2023-09-21T19:46:45.34.