369 E Kinney St Newark City, NJ
$ 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:
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


  • 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

AVG $940K
AVG $29,435
AVG 161
AVG 92
Data Provided by Walkscore ® not using MLS data

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