Log In/Sign Up
Your email has been sent.
98 Davenport ave Newark NJ 07104 98 Davenport Ave 8 Unit Apartment Building $1,500,000 ($187,500/Unit) 5.73% Cap Rate Newark, NJ 07107
INVESTMENT HIGHLIGHTS
- Very desirable neighborhood in north newark
EXECUTIVE SUMMARY
Prime desirable 8 unit 3 story bldg
In North newark
Very close to Belleville and Bloomfield border
can deliver vacant
Walking distance to NY busses NJ trainsit train and
Newark light rail train station
7 baseboard boiler
7 water heater
7 electric meters
7 gas meters
Can be delivered vacant
In North newark
Very close to Belleville and Bloomfield border
can deliver vacant
Walking distance to NY busses NJ trainsit train and
Newark light rail train station
7 baseboard boiler
7 water heater
7 electric meters
7 gas meters
Can be delivered vacant
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $187,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.73% | Building Size | 4,725 SF |
| No. Units | 8 | Average Occupancy | 80% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1944 |
| Price | $1,500,000 |
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| Cap Rate | 5.73% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,725 SF |
| Average Occupancy | 80% |
| No. Stories | 3 |
| Year Built | 1944 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Refrigerator
- Oven
- Tub/Shower
1 1
Walk Score®
Very Walkable (86)
Transit Score®
Excellent Transit (70)
PROPERTY TAXES
| Parcel Number | 14-00657-0000-00007 | Improvements Assessment | $316,100 (2025) |
| Land Assessment | $120,000 (2025) | Total Assessment | $436,100 (2025) |
PROPERTY TAXES
Parcel Number
14-00657-0000-00007
Land Assessment
$120,000 (2025)
Improvements Assessment
$316,100 (2025)
Total Assessment
$436,100 (2025)
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
John Kuruvilla
98 Davenport ave Newark NJ 07104 | 98 Davenport Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.