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22120857
22120973

473 Clinton Ave, Newark, NJ 07108

EQ
NJ NJ0787549
Berkshire Hathaway HomeServices Jordan Baris Realty
Listed by Berkshire Hathaway HomeServices Jordan Baris Realty
$850,000
414 days on market
Updated 51 days ago

Well Located and Maintained Mixed use in Newark

Details
Property Type Mixed Use
Sub Type Multi Family
Square Footage 6,000
Units 3
Cap Rate 9.56%
NOI $88,472
Pro-Forma Cap Rate 9.56%
Pro-Forma NOI $88,472
Class B
Year Built 1970
Year Renovated 2024
Buildings 1
Stories 3
Lot Size (SqFt) 2,500
Zoning Commercial
Investment Type Stabilized

Mixed Use | 9.56% CAP | 6,000 SqFt

Marketing description

Well maintained and easy to manage mixed use located just off Bergen opposite Police sub stato\ion

Utilities sub metered All tenants pay own gas, heat, electric and water and maintain WORRY FREE PSEG contract

Listing Contacts

EQ
NJ NJ0787549
Berkshire Hathaway HomeServices Jordan Baris Realty
Listed by Berkshire Hathaway HomeServices Jordan Baris Realty

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$88,472.00
$7,372.67/mo

Valuation Metrics

0
DSCR
10.41%
Cap Rate
10.41%
ROI

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Additional Information

Name
Ellen Quentzel
License
NJ0787549
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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