816 S 14th St Newark City, NJ 07108
Fully occupied masonry-constructed low-rise walkup offering all 3-Bed unit mix. Separately-metered utilities shift responsibility for electric, cooking gas, heat, and hot water towards the tenants.Full interior renovation of all apartments plus roof replacement and upgraded heating system as capital improvements all competed in Year 2017. Investment property opportunity ideal for 1) Performance Investors seeking immediate cashflow for long-term hold; Going-In Cap Rate @ 8.91% 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, 3463960, 3463920 & 3463930.
Interior Features Include:
Heating: 4 Units, Forced Hot Air
Floor Type: Tile, Laminate
Exterior Features Include:
Acreage: 0.1100 Acres
Parking On-Street Parking
Other Features Include:
Subdivision: Upper Clinton Hill
Water: Public Water
Sewer: Public Sewer
Information provided by Garden State MLS, and is deemed reliable but not guaranteed accurate.