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204 Parkhurst Street
Newark, NJ 07114
Asking Price
$1.20M
Cap Rate
6.4%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
5 Units | Ironbound | $76,934 MOI <p>Five-family investment property located in the Ironbound. The building features a well-balanced unit mix of two 1-bedroom units, two 2-bedroom units, and one 3-bedroom unit, providing strong rental demand and income stability. Ideal for investors seeking a steady, income-producing asset with diversified residential cash flow. Property offers long-term upside potential with the ability to increase rents over time. Conveniently located near major highways, public transportation, schools, and lo
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NOI
$80,000
Cap Rate
6.69%
DSCR
1.13
Tight
Cash-on-Cash
2.53%
Monthly Payment
$5,912.208
Annual Cash Flow
$9,053.504
