13-15 May St

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13-15 May St

Newark, NJ 07104
Asking Price
$898K
Cap Rate
7.31%
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

Multifamily | 2 Units | $449,000/unit <p><span style="color: rgba(34, 34, 34, 1)">Property Highlights:</span></p><ul><li>​<span style="color: rgba(34, 34, 34, 1)">7% Cap Rate with upside potential</span></li><li>​<span style="color: rgba(34, 34, 34, 1)">Fully occupied with stable rent roll</span></li><li>​<span style="color: rgba(34, 34, 34, 1)">Two large triplex units (10+ total bedrooms)</span></li><li>​<span style="color: rgba(34, 34, 34, 1)">4 detached garage/storage units – additional rental income opportunity</span></li><li>​<

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NOI
$80,000
Cap Rate
8.91%
DSCR
1.50
Strong
Cash-on-Cash
9.91%
Monthly Payment
$4,442.814
Annual Cash Flow
$26,686.232

Location & Travel Times