15 Stone St

newark, NJ 07104-2523

$3,200,000

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    Discover a prime investment opportunity in Newark with this meticulously maintained 16-unit apartment building. Featuring a compelling 5% Cap rate and full occupancy, this four-story multi-family brick building offers a diverse mix of units: 12-two bedroom, 3-three bedroom, and 1-one bedroom apartments. Each unit includes an eat-in kitchen, spacious living room, and bathroom, ensuring comfortable living spaces for tenants.Located in a sought-after neighborhood known for its convenience and accessibility, this property is poised to deliver steady rental income and potential for future appreciation. Recent maintenance and upgrades enhance the building's long-term profitability.With ample room for appreciation, don't miss out on investing in this thriving Newark community. Schedule a tour today to seize this lucrative opportunity and secure your place in Newark's dynamic real estate market.

    Details

    5,227.2 Sq Ft Exterior Space

    Commercial

    $23,560 Annual Tax

    Built in 1989

    MLS/Listing ID 3908027

    4 Stories

    16 Units

    Listing Courtesy of SIGNATURE REALTY NJ, DANIEL F. SANTOS

    GSMLS

    Source of Data: GARDEN STATE MLS

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