Description
This large (soon to be) fully renovated four unit is a cash cow. The property is perfect for an absentee owner, house hacker, cash buyer or anyone in between. The property is located under 40 mins from NYC and a short ride away from Newarks' bustling Ironbound district. The property will be delivered with four fully renovated spacious units three of which are five bedroom one bath(that's right FIVE BEDROOMS). Three of the four units are vacant one unit is occupied by a paying tenant. The property features separate utilities, forced hot air in all four units, low taxes and the following financials (PRO FORMA AVAILABLE UPON REQUEST) $106,800 Gross income, 2.15% DSCR, Estimated ROI 27.6%, 12.9% Cap rate. Units one and four are currently being renovated and will be complete in 2-3 weeks as will the remaining exterior repairs.**SELLERS CONCESSION & FHA OK** Don't delay book your appointment today.
School Ratings & Info
Description
This large (soon to be) fully renovated four unit is a cash cow. The property is perfect for an absentee owner, house hacker, cash buyer or anyone in between. The property is located under 40 mins from NYC and a short ride away from Newarks' bustling Ironbound district. The property will be delivered with four fully renovated spacious units three of which are five bedroom one bath(that's right FIVE BEDROOMS). Three of the four units are vacant one unit is occupied by a paying tenant. The property features separate utilities, forced hot air in all four units, low taxes and the following financials (PRO FORMA AVAILABLE UPON REQUEST) $106,800 Gross income, 2.15% DSCR, Estimated ROI 27.6%, 12.9% Cap rate. Units one and four are currently being renovated and will be complete in 2-3 weeks as will the remaining exterior repairs.**SELLERS CONCESSION & FHA OK** Don't delay book your appointment today.
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Data last updated 2023-03-21T19:46:58.313.