383 Mount Prospect Ave - North Newark 6 Unit Apartment Building Offered at $2,511,576 CAD at a 6.17% Cap Rate in Newark, NJ 07104



INVESTMENT HIGHLIGHTS
- Public Transportation
- NY City Views
EXECUTIVE SUMMARY
383 Mt Prospect Ave, where classic charm meets modern convenience in this stunning 6-family residence. Boasting 10 spacious bedrooms, 7 bathrooms, and featuring 5 elegant fireplaces, this property offers unparalleled comfort and style. Situated just blocks away from Forest Hills and Branch Brook Park, residents enjoy easy access to lush greenery and serene surroundings. The location is a commuter's dream, with close proximity to public transportation, parks, and major highways, ensuring convenience and connectivity. One of the standout features of this home is its breathtaking views of New York City, providing a picturesque backdrop day and night. Ideal for investors and homeowners alike, this property is zoned for multi-family high rise, offering endless possibilities for expansion and development. Whether you're looking for a lucrative investment opportunity or a spacious property to live, the options are truly limitless. Don't miss your chance to own a piece of Newark's finest properties.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
---|---|---|
Gross Rental Income |
$99,999
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$9.99
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Other Income |
-
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-
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Vacancy Loss |
-
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-
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Effective Gross Income |
$99,999
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$9.99
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Taxes |
$99,999
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$9.99
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Operating Expenses |
$99,999
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$9.99
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Total Expenses |
$99,999
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$9.99
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Net Operating Income |
$99,999
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$9.99
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PROPERTY FACTS
UNIT AMENITIES
- Balcony
- Fireplace
- Dining Room
SITE AMENITIES
- Public Transportation
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
2+1 | 2 | $2,721 CAD | 707 - 724 |
3+2 | 1 | $3,488 CAD | 1,933 |
1+1 | 3 | $2,302 CAD | 624 - 704 |
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PROPERTY TAXES
Parcel Number | 14-00610-0000-00054 | Total Assessment | $525,344 CAD (2024) |
Land Assessment | $78,766 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
Improvements Assessment | $446,578 CAD (2024) | Tax Year | 2023 |
ZONING
Zoning Code | Multi Family Hi Ris (Multi Family High Rise) |