150 STUYVESANT AVE Newark City, NJ 07106
Fully occupied masonry-constructed fourplex offering 1-Bed/2-Bed unit mix. Separately metered utilities shift responsibility for electric, cooking gas, heat/hot water towards residents.Interior unit renovations include kitchens & flooring plus roof replacement and upgraded forced hot air heating system as capital improvements all completed in Year 2017. Investment property opportunity ideal for 1) Performance Investors seeking immediate cashflow for long-term hold; Going-In Cap Rate @ 8.74% and 2) Buy/Hold Principals w/ portfolio expansion requirements; Part of stabilized 11-Building multifamily portfolio; Refer to MLS 3463933, 3463939, 3463944, 3463950, 3463952, 3463957, 3463959, 3463960, 3463920 & 3463930.
Interior Features Include:
Carbon Monoxide Detector, Smoke Detector
Total Rooms 15
Heating: 4 Units, Forced Hot Air, Baseboard - Hotwater
Exterior Features Include:
Partially Fenced, Storm Door(s)
Acreage: 0.1300 Acres
Garage/Parking: On-Street Parking, None
Other Features Include:
Subdivision: Upper Vailsburg
Water: Public Water
Sewer: Public Sewer
Information provided by Garden State MLS, and is deemed reliable but not guaranteed accurate.