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.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
