109-111 FLEMING AVE

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109-111 FLEMING AVE

NEWARK, NJ 00000
Asking Price
$2.85M
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

Double Lot for sale!!! Ironbound-Newark-Great for investors/developers-6 family on one lot alone!! <p><strong style="color: rgba(0, 0, 0, 1)">Two Lots in Newark-North Ironbound! A 6 family home on one side and five garages with a driveway in the other. 12 bedrooms total! Each unit has 2 bed/1 bath, w/central air and heat. Fully rebuilt from the ground up in 1999 and well maintained since. Features a full finished basement, with six coin operated washing machines and dryers. Also includes seven water meters and seven gas/electric meters. Even a wood burning BBQ Oven in the backyard. An ideal t

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NOI
$80,000
Cap Rate
2.81%
DSCR
0.47
Underwater
Cash-on-Cash
-10.43%
Monthly Payment
$14,100.245
Annual Cash Flow
$-89,202.94

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