Price
$ 345,000

185 S 9th St, Newark, NJ 07107  
  • 9 beds
  • 5 baths

185 S 9th St, Newark, NJ 07107  

Great investment opportunity offering an unheard of 9.44% cap rate. This 3 family property is fully rented with approximately more than 1,000 sq. ft. per unit.Gut renovated down to the studs in 2012 included all new bathrooms, eat-in-kitchen, and beautiful hardwood floors throughout. Storage available in basement. Taxes $8,710.08; Insurance $2,047; Operating expenses $1,691.92. Total operating expenses $12,499; scheduled gross income $45,000; Net Operating Income $32,551. Near schools, public transportation and downtown Newark.

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Listing Type
Multi-Family
Listing ID
3376090
Bedrooms
9
Bathrooms
5
Lot Size
25X100
Listing Status
Active
Year Built
2017
County
Essex
Full Bath
5
Units
3
Rooms
20.0
Taxes
8710.0
TaxYear
2016
Listing courtesy of KELLER WILLIAMS CITY LIFE REALTY
Houses for Sale Nearby
    Listing Information Provided By:
    RE/MAX NEW MILLENNIUM GROUP
    1042 N Broad St Hillside, NJ 07205 | Phone: (908) 282-1234
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.