7-Unit Building for Sale 

Newark, New Jersey 

421 Central Ave Newark NJ| 7 Units Mixed-Use

Asking Price: $625,000

After Repair Value: $945,000

Repair Estimate: $90,000

Estimate Gross Profit: $230,000

Legal Units: 7

Property Taxes: $12,500

Rent Roll $2,800Proforma $9,000

 

Town Website: Newark, NJ 

Description: Property is 6 Residential and 1 Retail Unit.  Total of 7 Units.  There are three 2-bedroom 1 bath units and three 1-bedroom 1 bath units.  The vacancies are (3): Retail space and Two 2-bedroom units. The Rent Roll is currently 2,800 Proforma rent is 9,000/month. Separate meters but only 1 boiler.  Property to be sold As-Is.  Buyer is responsible for any applicable City and/or State certificates.  Cash or Hard Money only.

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NJ Fixer-Uppers 

261 Springfield Avenue, Suite 103

Berkeley Heights, NJ 07922

908-464-0400