700-702 N 7th St - Apartments FOR SALE


Newark, NJ 07107- Upper Roseville
$949,900 USD
201-630-0025
700-702 N 7th St, Newark, NJ for Sale
$949,900 USD
Apartments - FOR SALE
1/56
null | Request Cap Rate

700-702 N 7th St
Newark, NJ 07107
Upper Roseville


HIGHLIGHTS

  • 5 private parking garages
  • Huge backyard
  • 4 spacious apartments

OVERVIEW

Spacious and well-maintained four-family home offering 4,218 sq ft of living space on a generous 6,878 sq ft lot. Delivered fully vacant at closing perfect for investors or multi-generational living. Each unit features a formal living room, dining room, and full bath. Units 1 and 3 include 1 bedroom each; Units 2 and 4 offer 2 bedrooms each. Utilities are separated for electric and cooking gas. Highlights include a bonus room in the second-floor common area, a semi-finished basement with storage and a half bath, a long driveway, and a detached five-car garage. The property is equipped with oil heat (underground tank), one furnace, and one hot water tank. Enjoy a large backyard, ideal for entertaining. Proudly owner-occupied for over 75 years. Prime location near the Light Rail and Bloomfield Ave.

FOR SALE DETAILS

PRICE

$949,900 USD

PRICE/SF

$225 USD /SF

# OF UNITS

4

PRICE/UNIT

$237,475

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,880 SF

ZONING

-

APN/PARCEL ID

14-00696-0000-00012

ASK ABOUT THIS PROPERTY

Lionel CruzNextHome PrimeMore Info
201-630-0025

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Lionel CruzNextHome PrimeMore Info
201-630-0025

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