396 E Kinney St - Apartments FOR SALE


Newark, NJ 07105- North Ironbound
$2,250,000 USD
973-344-1000
396 E Kinney St, Newark, NJ for Sale
$2,250,000 USD
Apartments - FOR SALE
1/23
null | 6.02% Cap Rate

396 E Kinney St
Newark, NJ 07105
North Ironbound


OVERVIEW

Completely Renovated in 2022. This brick building is Turnkey Ready with 7 units, 2 Bedroom 1 bathroom each. Stainless Steel Appliances, Central AC and Heat, Intercom system plus a washer and dryer in each unit. Fully Rented with Excellent tenants. Excellent location to Grammer School and High School. Close to all major highways, the finest bakeries, restaurants and supermarkets of the Ironbound. Income and Expenses are available upon request.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$493 USD /SF

# OF UNITS

7

PRICE/UNIT

$321,429

CAP RATE

6.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1945

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,810 SF

ZONING

R3

APN/PARCEL ID

14-00989-0000-00028

ASK ABOUT THIS PROPERTY

Luis NogueiraExit Lucky RealtyMore Info
973-344-1000

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Luis NogueiraExit Lucky RealtyMore Info
973-344-1000

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