Address
369 E Kinney St Newark City, NJ
Price
$ 1,249,000
Property Attributes
- ML#3679575
- TypeCommercial
- CountyESSEX
- CityNewark City
- AreaNewark City
- NeighborhoodIronbound
- Zip07105
- StyleApartment Complex
- Taxes9364
- Price$ 1,249,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms6
- Lot Size2,614 SqFt
Listing Provided Courtesy Of:
BHGRE ELITE
Property Description
Six-unit Multi-Family turnkey property in the sought-after ironbound section, perfect to start or add to your real estate investment portfolio. Good rents with room to grow, reliable tenants (no default or late payments), separate utilities with low taxes give you an existing 6.2% cap rate. Apartments were updated 2 years ago, with modern finishes and new mechanicals. Property is located in a quiet one-way street in a nice neighborhood with cafe on one corner and independence park on the other. Close to Newark Penn Station, blocks from both Ferry and Wilson Ave, and close to major highways. All this makes it perfect to attract good long-term tenants. Accepting offers!
| Price History | |
|---|---|
| 11/22/2020 | Listed $1,249,000 |
General Features
| Construction | Wood |
|---|---|
| Cooling | No Cool |
| Drive | None |
| Heating | 4 Units |
| Num Apts | 6 |
| Roof | Flat |
| Sewer | Public Sewer |
| Tax Annual Amount | 9364 |
| Total Units | 6 |
| Town # | 1614 |
| Township | Newark City |
| Utilities | Electric, Gas-Natural |
| Zoning | see remarks |
Interior Features
| Basement | Full, Storage, Walkout |
|---|---|
| Fuel Type | Gas-Natural |
| Num 1 Bdrm Units | 1 |
| Num 2 Bdrm Units | 5 |
| Num Units W/full Bath | 6 |
Exterior Features
| Exterior Description | Aluminum |
|---|---|
| Lot Dimensions | 25.7X96.5 |
| Max Ceiling Height | 9 |
| Water Source | Public Water |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 07105
Price
Taxes
Visits
Walkscore
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