139 Elm St,Newark City, NJ 07105
Newark City, NJ 07105
Description
Exceptional Investment Opportunity in Newark's Highly Sought-After Ironbound Section! This well-maintained 5-unit apartment building offers an outstanding opportunity for investors seeking strong rental demand and long-term appreciation. Located in one of Newark's most vibrant and desirable neighborhoods, this income-producing property features five residential apartments on a 30' x 100' lot. The building offers gas hot water baseboard heat, public water and sewer, and durable aluminum siding. Ideally situated just minutes from Newark Penn Station, major highways, restaurants, shopping, schools, parks, and the neighborhood's renowned Portuguese and Spanish dining scene, this property is perfectly positioned to attract quality tenants. The Ironbound continues to be one of Northern New Jersey's most sought-after rental markets, making this an excellent addition to any investment portfolio. Property is being sold as-is. Buyer is responsible for obtaining any required municipal certificates and completing their own due diligence.
Details
| MLS # | 4037379 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 81 |
| Listing Provided By | NEW DIRECTION REALTY | ISMENIA SOUSA |
Features
| Basement | Y |
|---|---|
| Story(s) | 3 |
| Units | 5 |
| Zoning | Residential |
Taxes
| Property | 14248 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07105 |
| Area | Essex |
| Listing VS Median (in 07105) | |
Price: $1,170,000 low | high Med: $327,450 On site: 81 low | high Med: 274 | |
Market Activity 07105
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Learn More About This Property
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07105 |
| Area | Essex |
| Listing VS Median (in 07105) | |
Price: $1,170,000 low | high Med: $327,450 On site: 81 low | high Med: 274 | |
