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269-271 E Kinney St
Newark, NJ 07105
Multifamily Property For Sale
·
6 Units
EXECUTIVE SUMMARY
Ironbound section 6 apartments 4-1 bedroom & 2 2 bedroom apartments living room, eat-in- kitchen and bathroom 1000 sq feet garage with electric, water, sewer, connections. Full finished basement with 4 rooms and 2 bathrooms. Separate utilities. Wood and ceramic floors. Coin operated laundry with 2 washers and 2 dryers. All 6 apartments with HVAC units basement with hot water baseboard heat.
PROPERTY FACTS Under Contract
| Price Per Unit | $316,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6.41% | Building Size | 5,067 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Parking Ratio | 2.17/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3, Newark City | ||
| Price Per Unit | $316,500 |
| Sale Type | Investment |
| Cap Rate | 6.41% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,067 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Parking Ratio | 2.17/1,000 SF |
| Zoning | R-3, Newark City |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 2 | - | - |
PROPERTY TAXES
| Parcel Number | 14-00957-0000-00010 | Improvements Assessment | $179,900 |
| Land Assessment | $160,000 | Total Assessment | $339,900 |
PROPERTY TAXES
Parcel Number
14-00957-0000-00010
Land Assessment
$160,000
Improvements Assessment
$179,900
Total Assessment
$339,900
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