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13-15 May

Newark, NJ 07104
Residential Income - Duplex
$898,000
1 BE 6.5 BA

Size

Beds
1
Baths
6.5
Stories
3
Interior
3,420 Sq Ft
Exterior
5,227 Sq Ft

Financial

Price
$898,000
Annual Taxes
$10,901

Listing Details

Sale or Lease
Sale
Year Built
1899
Area
Newark

Description

13-15 May Street, Newark, NJ 07104

Rare investment opportunity in North Newark offering a 7 pct cap rate with strong upside potential. Only 30 minutes from Staten Island. Fully occupied property featuring a unique side-by-side layout with two spacious 3 story units, each offering 5 bedrooms, multiple bathrooms, and large living areas. Additional income potential with 4 detached garage/storage units, a large finished basement with separate entrance, and a central laundry room. Property includes separate heating systems for each unit and a private driveway leading to a 4-car garage. Conveniently located near NYC transportation, major highways, schools, shopping, and public transit. Ideal for investors seeking stable cash flow with value-add potential. This is an investment property and will not be delivered vacant!!

Features

  • 110
  • Hot Water
  • Natural Gas
  • Public Sewer
  • Vinyl Siding
  • Window Unit(s)
13-15 May Street, Newark, NJ 07104

Listing Office: Robert DeFalco Realty, Inc.