top of page

7-Unit Building for Sale
Newark, New Jersey
421 Central Ave Newark NJ| 7 Units Mixed-Use
Asking Price: $625,000
After Repair Value: $1,100,000
Repair Estimate: $225,000
Estimate Gross Profit: $250,000
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.
SOLD
Property Gallery:


























bottom of page