$2,495,000
bedrooms
0
bathrooms
0
square feet
11,724
Acreage
0.05
Open Houses
-
year built
1940
Full Baths
0
Half Baths
0
Incredible investment opportunity in the heart of University Heights, Newark! This package deal includes four fully occupied 3-family homes (total of 12 units) all located within the same block:1-37 Jay St (Block 2850 Lot 22)2-39 Jay St (Block 2850 Lot 23)3-46 Hudson St (Block 2850 Lot 33)4-46 Hudson St (Block 2850 Lot 35)The four properties are fully occupied with long-term tenants. All buildings are in good-average condition with low maintenance costs and low property taxes, making this a turnkey cash-flowing asset in one of Newark's fastest-growing neighborhoods.Attractive current gross income with further upside through rent optimization. Sold strictly as-is, this package is ideal for investors or 1031 exchange buyers seeking stability and scale. Cap rate to be calculated based on GOI.This is a rare chance to own a high-density, income-producing portfolio all in one block steps from universities, transportation, and new development.
| Location | |
| Subdivision | - |
| County | Essex |
| Elementary School | - |
| Middle School | - |
| High School | - |
Open houses
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MLS number: 3957601
Listing agent:
Sol Castanos
Listing broker:
Realty One Group Legend
(973) 686-7777
Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Last update: Saturday, April 19 2025 at 2:03 p.m. EDT
Kotohomes National