Bought with Oscar Cajiao Keller Williams Park Views
$1,400,000
$1,250,000
12.0%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 10/07/2022
Key Details
Sold Price $1,400,000
Property Type Multi-Family
Sub Type Res/Com Mixed
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 22023050
Sold Date 10/07/22
Style Res/Com Mixed
Property Sub-Type Res/Com Mixed
Property Description
Are you ready to own a corner building in the heart of Ironbound, Newark? This massive 3,350 sq ft historic mixed used building offers 8 residential apartments and 2 big commercial spaces. The building layout includes ONE 1 Bedroom, THREE 2 Bedrooms, FOUR 3 Bedrooms, 2 Commercial (Barbershop, and BIG Restaurant). Approximate current figures are: Gross $144,000 and NOI $82,787. And with a potential future Gross $175,200 and NOI $121,187 at market value and some improvements.
Location
State NJ
County Essex
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