Value-Add Opportunity

• 18 Units
• 38% Vacancy
• 6.73%Cap Rate
• 10% Upside

Building Highlights

• Brick Building
• All Units Renovated
• Strong Unit Mix – Two, and Three-Bedroom Units
• Separately Metered Units
• Tenant pays for electric, heat, hot water, & cooking gas
• Landlord pays for water/sewer, and common area electric
• Prime Location in Newark

Convenient Transportation

• Milford Avenue is approximately a 5-minute walk to then Elizabeth Ave at Clinton Ave Bus Stop, which provides a 12-minute ride to Newark Penn Station to Midtown Manhattan in roughly 25 minutes by train