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712 Summer Avenue
Newark, NJ 07104
Asking Price
$1.05M
Asset Type
Multifamily
Class
Class B
What's Special
Receivership Auction <p>Court Ordered Receivership Auction Sale. July 14 @6PM ET.</p><p>This property consists of 6 residential apartments plus basement. </p><p>Low maintenance & income producing </p><p>Value add opportunity. </p><p>In "Urban Target Area" (UTA).</p><p>2% Broker Coop Offered.</p><p>Low Reserve @ $1,049,000</p><p></p><p>For inspection times please see our website: https://auctionadvisors.com/property-details/essex_auction_438/</p><p></p><p>This property is being sold individually but is part of a 4-p
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NOI
$80,000
Cap Rate
7.63%
DSCR
1.28
Strong
Cash-on-Cash
5.63%
Monthly Payment
$5,189.88
Annual Cash Flow
$17,721.444
