42 42-46 Smith St - Multi-Family FOR SALE


Newark, NJ 07106- Lower Vailsburg
$800,000 USD
212-470-0058
42 42-46 Smith St, Newark, NJ for Sale
$800,000 USD
Multi-Family - FOR SALE
1/1
null | 3.26% Cap Rate

42 42-46 Smith St
Newark, NJ 07106
Lower Vailsburg


HIGHLIGHTS

  • Large Lot with Untapped Potential
  • Operational Upside Through Stabilization
  • Opportunity to Add Value Through Improvements

OVERVIEW

Well-located 8-unit multifamily on a 75’ x 100’ lot. The property is fully occupied with month-to-month tenants and offers long-term upside. While the building requires improvements, it presents an opportunity for an investor to add value through renovations and operational efficiencies.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$89 USD /SF

# OF UNITS

8

PRICE/UNIT

$100,000

CAP RATE

3.26%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

42-46 Smith St.

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

-

APN/PARCEL ID

14-04201-0000-00045

ASK ABOUT THIS PROPERTY

Minhaj HussaineXp CommercialMore Info
212-470-0058

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Minhaj HussaineXp CommercialMore Info
212-470-0058

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