Description
This large (soon to be) fully renovated four unit is a cash cow. The property is perfect for an absentee owner, house hacker, cash buyer or anyone in between. The property is located under 40 mins from NYC and a short ride away from Newarks' bustling Ironbound district. The property will be delivered with four fully renovated spacious units three of which are five bedroom one bath(that's right FIVE BEDROOMS). Three of the four units are vacant one unit is occupied by a paying tenant. The property features separate utilities, forced hot air in all four units, low taxes and the following financials (PRO FORMA AVAILABLE UPON REQUEST) $106,800 Gross income, 2.15% DSCR, Estimated ROI 27.6%, 12.9% Cap rate. Units one and four are currently being renovated and will be complete in 2-3 weeks as will the remaining exterior repairs.**SELLERS CONCESSION & FHA OK** Don't delay book your appointment today.
Location
Courtesy of: HEARTH REALTY GROUP All information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing and reference the listing brokerage. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
Copyright © 2022 Garden State Multiple Listing Service, L.L.C. All rights reserved. Updated: 8th February, 2023 12:43 PM (UTC)
The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
Copyright © 2022 Garden State Multiple Listing Service, L.L.C. All rights reserved. Updated: 8th February, 2023 12:43 PM (UTC)