37 Jay St Newark City, NJ 07103
Other
MLS #: 3957601
Courtesy Of Realty ONE Group Legend
Property InformationDescription
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.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 12
- Cooling System: None (Cooling)
- Exterior Type: Vinyl Siding
- Floors: 3
- MLSID: 3957601
- Roof Type: Asphalt
- Roof Type: Flat
- Roof Type: Shingle
- Rooms: Basement
MAP & DIRECTIONS
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