185 S 9th St Newark, NJ 07107

$345,000
185 S 9th St, Newark, NJ 07107
Call 1-800-839-1363
3376090

Multi-Family Home for sale in Newark, NJ

for $345,000 with 9 bedrooms and 5 full baths. The lot size is 25X100.

Property Information

  • $345,000
  • 9 Bedrooms
  • 5 Full Baths
  • Multi-Family
  • Taxes are $8,710
  • 3 Story
  • Active
  • Lot size of 25X100
  • Newark, NJ
  • Fairmount Neighborhood
  • Essex County
  • MLS/Web ID is 3376090

Description

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.

Interior 6

Basement

  • Basement
  • Unfinished

Cooling System

  • Heat Pump
  • Multiple Units

Heating Source

  • Natural Gas

Heating System

  • 3 Units
  • Forced Air

Sewer

  • Public Sewer

Water Source

  • Public Water

Exterior 2

Roof

  • Flat Roof

Siding

  • Aluminum

Miscellaneous 1

Utilities

  • Electric
  • Natural Gas

† Excluded Feature

Listed By

Broker: KELLER WILLIAMS CITY LIFE REALTY

185 S 9th St , Newark, NJ, 07107 is a Multi-Family Home for sale at $345,000 with a lot size of 25X100. 185 S 9th St has 9 bedrooms and 5.0 baths. The property's zip code is 07107 which is in Newark, NJ

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Market Pricing

Average % of sale price Median % of sale price
All listings in Newark $384,547 11 % above $309,000 10 % below
Multi-family listings in Newark $322,508 7 % below $319,000 8 % below
Sold listings in Newark $75,000 78 % below $0 100 % below

Get the facts about Newark, NJ!

Population 279,327
Population Growth (since 2000) 2 %
Median Income $36,022
Median Age 34.06
Households w/ Children 35 %

Residential Dwellings

  • Owned 21881
  • Vacant 13569
  • Rented 73259

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