Listed by Auction Advisors
$799,000
46 WAKEMAN AVE NEWARK NJ 07104 aka 38 May
Details
APN 0714_623_1
Property Type Multifamily
Sub Type Apartment Building
Units 7
NOI $127,000
Stories 3
Lot Size (SqFt) 2,658
Sale Condition Distressed
Receivership Auction - Low Reserve
Marketing description
Multifamily • 7 Units
Investment highlights
Court Ordered Receivership AUCTION Sale. July 14 @6PM ET.
This property consists of 7 residential apartment units, including 1 in the basement
Low maintenance & income producing.
Value add opportunity.
2% Broker Coop Offered.
Low Reserve @ $799,000!
See website for Inspection times.
This property is being sold individually but is part of a 4-property auction in Newark/Orange.
For details, see: https://auctionadvisors.com/property-details/essex_auction_438/
Listing Contacts
Listed by Auction Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$127,000.00
$10,583.33/mo
Valuation Metrics
0
DSCR
15.89%
Cap Rate
15.89%
ROI
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Tax History
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