HIGHLIGHTS
- 12 Unit Apartment Building Positioned Directly Across From University Hospital
- Value-Add Opportunity With 36 % Upside in Under Market Rents
- Located In The University Heights Neighborhood Within Walking Distance of Rutgers University-Newark, NJIT, Essex County College and Seton Hall Law
- Excellent Transit Connectivity
FOR SALE DETAILS
PRICE
$1,800,000 USD
PRICE/SF
$158 USD /SF
# OF UNITS
12
PRICE/UNIT
$150,000
CAP RATE
6%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Newark-University Heights Multifamily
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1900
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.08 AC
LAND SF
3,485 SF
ZONING
-
APN/PARCEL ID
14-00259-0000-00031
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201-742-6121
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