Cash Flow Investment Property!! This is a three family located in Newark, NJ, very close to the South Orange border. Property is about 5 mins from Seton Hall University. The 1st and 2nd floors have 3 bedrooms and 1 bathroom. The third floor has 1 bedroom and 1 bathroom. The top floor has just been recently rented to a tenant. This is excellent purchase for an owner occupant or non owner occupant. Seller is willing to pay a sellers concessions of 3% or up to 12k. If financing is needed, we can provide that as well. We can also help rent the units if necessary. Profit Sheet (approx) GOI: 4,750 monthly, 57k yearly. Taxes: 350 monthly, 4,200 yearly. Expenses: 500 monthly, 6000 yearly. Mortgage (taxes included): 2,119 monthly, 51,000 yearly. NOI: 4,250 monthly, 51,000 yearly. Cash Flow: 2,131 monthly, 25,572 yearly. Cap Rate: 14%. Email: kjefferson.blueprintsolutions@gmail.com for a tour of property.
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