1018-1020 S Orange Ave 7,000 SF 100% Leased Retail Building Newark, NJ 07106 $4,155,026 CAD ($593.58 CAD/SF) 5.20% Cap Rate

Perfect for 1031 Exchange - Fix No More! 7000 SF, Three Retail Stores with 2 Apts, 100 % Leased out- Mixed Use Building, Currently the store rents are below the market price
3 Stores plus Two 3 bedroom Apartments Fully leased out! Total 5 tenants - 3 Retail Stores( Farmers Market, Thrift Store, Hair Salon with Beauty Supply) and Two Brand New 3 bedroom Apartments with 2 baths and one bath situated on heavy traffic area near White Castle, Popeye Chicken, Dunkin Donuts, Dollar Tree, Seton Hall University 12 Ft Ceiling 3 Stores: 1800 SF, 1600 SF, 1200 SF
Monthly Rent and Size:(Rent are currently below the market prices)- More Income Potential for New Owners
(1800SF) w 10 yr Lease- Farmers Market
( 1600 SF): Thrift Store- God is Good Thrift Store
( 1200 SF): Hair Salon with Beauty Supply
Apt Rent1 3 Bedroom w 2 baths:
Apt Rent2: 3 bedroom w 1 bath:
Perfect for 1031 EXCHANGE- LOW PROPERTY TAX($5700) BRAND NEW 7000 SF BUILDING - 3 RETAIL STORES W 2 APTS (3BEDROOMS) 100 % all leased out
LOW RENTS BELOW THE MARKET PRICE. (MORE INCOME POTENTIALS)
Total Income: $160,200
Total Expenses: $11,140 (Current Tax:$5700)
Net income: $149,060
For detailed information on Rent Roll: ( email to ericsuh2@gmail.com or text to 917-745-2911)
Contact Youngstar Realty Eric Suh 917 745 2911 Via Text or Ericsuh2@gmail.comProperty T