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13 May St, Newark City, NJ 07104

$850,000
: 10
BD
: 7
BA

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List Price: $850,000
Status: ACTIVE
MLS#: 4033681
Bedrooms: 10
Bathrooms: 7
County: Essex
City: Newark City
Year Built: 1899

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Property Description

Rare investment opportunity in North Newark offering offering an attractive 7%+ cap rate with strong upside potential. Fully occupied property featuring a unique side-by-side layout with two spacious 3 story units, each offering 5 bedrooms, multiple bathrooms, and large living areas. Additional income potential with 4 detached garage/storage units, a large finished basement with separate entrance, and a central laundry room. Property includes separate heating systems for each unit and a private driveway leading to a 4-car garage. Conveniently located near NYC transportation, major highways, schools, shopping, and public transit. Ideal for investors seeking stable cash flow with value-add potential.

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Additional Information

Exterior: Vinyl Siding
Basement: Yes
Garage: Detached Garage
Water: Public Water
Sewer: Public Sewer
Fuel: Gas-Natural