219 Summer Ave - Apartments FOR SALE


Newark, NJ 07104- Mount Pleasant-Lower Broad
$2,650,000 USD
973-433-0740
219 Summer Ave, Newark, NJ for Sale
$2,650,000 USD
Apartments - FOR SALE
1/15
null | 4.9% Cap Rate


OVERVIEW

FOR SALE 9-UNIT MULTIFAMILY NEWARK, NJ 4.9% CAP INVESTOR HIGHLIGHTS: Stabilized 9-Unit Asset in Newark's growing North Ward Built in 2014 " modern layouts, minimal deferred maintenance Strong tenant mix and consistent occupancy 10 private parking spots a rare amenity in this submarket In-place income with room for upside through rent optimization Trading at a true 4.9% cap rate positioned for cash flow from Day 1 Individually metered utilities and low-maintenance structure

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$353 USD /SF

# OF UNITS

9

PRICE/UNIT

$294,444

CAP RATE

4.9%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

219 Summer Ave, Newark, NJ 07104

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2014

PARKING SPACES

10

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

14-00526-0000-00007

ASK ABOUT THIS PROPERTY

Eric MelnikoffKeller Williams Prosperity RealtyMore Info
973-433-0740

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Eric MelnikoffKeller Williams Prosperity RealtyMore Info
973-433-0740

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