342 IRVINE TURNER BLVD Newark City, NJ 07108
Fully occupied low-rise walk-up offering 1-Bed/2-Bed unit mix. Residents bear responsibility for own separately metered utilities; electric, cooking gas, heat and hot water.Interior unit renovation and upgraded forced hot air heating system as primary capital improvement all completed in Year 2016. Gated on-site parking serves as property amenity. Investment property opportunity ideal for 1) Performance Investors seeking immediate cashflow for long-term hold; Going-In Cap Rate @ 7.29% and 2) Buy/Hold Principals w/ portfolio expansion requirements; Part of stabilized 11-Building multifamily portfolio; Refer to MLS 3463647, 3463933, 3463939, 3463944, 3463950, 3463952, 3463957, 3463959, 3463920 & 3463930.
Interior Features Include:
Heating: Forced Hot Air
Floor Type: Tile, Laminate
Exterior Features Include:
Acreage: 0.1200 Acres
Roof: Asphalt Shingle
Parking Parking Lot-Exclusive, Hard Surface, Off-Street Parking
Other Features Include:
Subdivision: Lower Clinton Hill
Water: Public Water
Sewer: Public Sewer
Information provided by Garden State MLS, and is deemed reliable but not guaranteed accurate.