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Listed by Peter Boutros EXP Realty, LLC
$850,000
Est. payment /mo
10 Beds
7 Baths
New
13-15 May ST Newark, NJ 07104
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Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26020027
Style 2 Family
Bedrooms 10
Full Baths 7
Property Sub-Type 2 Family
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.
Location
State NJ
County Essex
Interior
Laundry Basement
Barbara Pagella
Broker | License ID: NJ0748961/NY10401337142
+1(973) 418-3516 | bpagellarealtor@gmail.com