Investment Portfolio 2 Retail Properties Offered at $1,350,000 in Newark, NJ
INVESTMENT HIGHLIGHTS
- Mixed-use
- Seller Financing May be Available
- Corner Property
- Bundle Sale
EXECUTIVE SUMMARY
Incredible investment opportunity in Newark, NJ! Bundle sale including 558 S 18th St and 286-290 16th Ave, Newark, NJ 07103, two exceptional properties offering a prime opportunity for both business and residential investment. 558 S 18th St is a mixed-use corner property offering a 980-Sq Ft commercial unit and two (2) 2-bedroom apartments. 286-290 16th Ave offers 5,500 Sq Ft of commercial space across 4 units, an event space, patio, and outdoor kitchen. Seller financing may be available. $150,000+ potential yearly income. Don't miss the chance to own these TWO exceptional properties, schedule a showing today and unlock their full potential.
TAXES & OPERATING EXPENSES (ACTUAL - 2023) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
PROPERTY FACTS
| Price | $1,350,000 |
| Price / SF | $166.19 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 8.90% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 8,123 SF |
| Total Land Area | 0.19 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 558 S 18th St, Newark, NJ 07103 | Retail | 2,583 SF | 1930 | - |
| 286-290 16th Ave, Newark, NJ 07103 | Retail | 5,540 SF | 1930 | - |
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CONTACT
-
Riyerbin Tineo - Lim Bances Realty
