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369 E Kinney Street
Newark, NJ 07105
Asking Price
$1.43M
Cap Rate
6.2%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
6 Family | Ironbound | $88,360 NOI <p>Six-family investment property located in the Ironbound. The building features one 1-bedroom apartment and five 2-bedroom apartments, offering excellent rental demand and consistent income potential. Property is in good condition, making it a solid turnkey opportunity for investors seeking immediate cash flow with minimal upfront improvements. Well-maintained units appeal to long-term tenants and support stable occupancy. Conveniently located near major highways, public transportation, school
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NOI
$80,000
Cap Rate
5.61%
DSCR
0.95
Underwater
Cash-on-Cash
-1.08%
Monthly Payment
$7,050.122
Annual Cash Flow
$-4,601.47
