691 Elizabeth Ave & 15 Goldsmith Ave, Newark, NJ 07112

• 92-Unit Newark Multifamily With 3.5% Assumable Debt and 16% Rent Upside• 92 Units

• 2 Buildings

• 3.5% Assumable Loan

• 7% Cap Rate

• 9.6% Cash on Cash Return

• 2 Brick Multifamily Buildings

• Strong Unit Mix of one-, two-, and three-bedrooms

• Mostly Renovated Units

• Laundry In Both Buildings

• Hot Water Heater Replaced in 2022

• Elevator Mechanicals Replaced in 2024 (Goldsmith Ave)

• New Boiler - 2025 (Elizabeth Ave)

• Separately Metered

• Tenant Pays for Cooking Gas and Electric

• Landlord Pays for Heat, Hot Water, Water/Sewer, and Common Area Electric

• Prime Location in Newark

• The building is approximately a one-minute walk to Elizabeth Ave at Goldsmith ave bus stop which provides a 16-minute trip to Penn Station. Which provides approximately a 20-minute train ride into Midtown Manhattan. Additionally, the property is located ± 2.5 miles from Newark International Airport, which is approximately a 10-minute ride.