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The Mountaintop Group
13 May St, Newark City, NJ 07104
- $850,000
- 10
- BD
- 7
- BA
- List Price
- $850,000
- Days on Market
- 116
- Status
- ACTIVE
- MLS#
- 4033681
- Bedrooms
- 10
- Bathrooms
- 7
- Full Baths
- 7
- Lot Size (Acres)
- 0.12
- Year Built
- 1899
Property Description
Rare investment opportunity in North Newark offering offering an attractive 7%+ cap rate with strong upside potential. Fully occupied property featuring a unique side-by-side layout with two spacious 3 story units, each offering 5 bedrooms, multiple bathrooms, and large living areas. Additional income potential with 4 detached garage/storage units, a large finished basement with separate entrance, and a central laundry room. Property includes separate heating systems for each unit and a private driveway leading to a 4-car garage. Conveniently located near NYC transportation, major highways, schools, shopping, and public transit. Ideal for investors seeking stable cash flow with value-add potential.
Additional Information
- Area
- Newark City
- Basement Desc
- Finished-Partially
- Utilities
- All Underground
- Taxes
- $10,901
- Exterior
- Vinyl Siding
- Water
- Public Water
- Basement
- Yes
- Cooling
- Window A/C(s)
- Roof
- Asphalt Shingle
- Show Address
- Yes
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Listing Courtesy Of EXP REALTY, LLC, Contact: 908-913-8708
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