Value-Add Opportunity

• 65 Units
• 8.56% Cap Rate
• $120k Price Per Unit
• 45% Vacancy

Building Highlights

• 65 Units
• Brick Building
• Strong Unit Mix: One-, and Two-bedroom Units
• Laundry in Basement
• Tenant pays for electricity
• Landlord pays for heat, hot water, cooking gas and electricity
• Great Location in Newark, NJ

Convenient Transportation

• The building is approximately a 1-minute walk to Broadway at Montclair Ave bus stop which provides a 40-minute total trip to Manhattan via the PATH Train.