BEDS12
BATHS4 full
MLS#4021089
STATUS
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONUpper Roseville
Property Description
100% Occupied 4-Unit Brick Asset 8.20% CAP $94,339 NOIExceptional investment opportunity in the Upper Roseville section of Newark. This fully occupied, turnkey 4-unit brick multifamily building is a high-yield performer, generating a Net Operating Income (NOI) of $94,339 with a strong 8.20% CAP rate.The property features (4) spacious 3-bedroom, 1-bathroom units, all currently occupied, providing immediate and stable cash flow. A standout feature of this asset is the extensive on-site parking, which includes a detached 2-car garage plus 4 additional off-street parking spaces. This provides a lucrative opportunity for ancillary income or a premium amenity for residents.The building is designed for low-overhead management with separate utilities; residents are responsible for their own gas and electric. Solid brick construction ensures durability and lower maintenance requirements over time. Located just 0.2 miles from the Davenport Ave Light Rail for easy commuting to Newark Penn Station and NYC. Sold in as-is condition.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Unfinished
Basement: Yes
Cooling: Wall A/C Unit(s)
Fuel Type: Gas-Natural
Garage: 2
Heating: 4+ Units
Lot Size: 0.06 Acres
Roof Type: Rubberized
Taxes: $9,997
Year Built: 1957
Amenities
Carbon Monoxide Detector
Fire Extinguisher
High Ceilings
Smoke Detector
Wood Floors
Sidewalk
Feature Descriptions
Days on Site: 1
Driveway: 2 Car Width, Additional Parking, Blacktop
Exterior: Brick
Lot: Corner
Lot Dimensions: 0.06 acre(s)
Parking Notes: Detached Garage
Sewer: Public Sewer
Utilities: Gas-Natural
Water: Public Water
Local Schools
High School: TECHNOLOGY
Elementary School: ABINGTON
Listed By / Shown By
Listed By
Agency Name: LIVX
Agency Contact: 917-836-1462
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
Estimate Your Payment
Estimated Payment
$ 3,727.90 per month $2,559.40 Principal & Interest $833.08 Property Tax $335.42 Homeowner's InsuranceChange Payment Information
93 Davenport Ave | MLS# 4021089
This multi-family property located at 93 Davenport Ave, Newark, NJ 07107 is currently listed for sale with an asking price of $1,150,000. Search Newark real estate on www.realtymark.net today.