9-11 Clark St
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9-11 Clark St
16 Unit Apartment Building $7,937,832 CAD ($496,114 CAD/Unit) 6.05% Cap Rate Newark, NJ 07104
Investment Highlights
- Near broad st train station & Newark light rail
Executive Summary
16 apartment building build 2023 located on lower north Newark near broad street light rail and train station. 8- 1 bedroom apartments and 8-2 bedroom apartments 8 park spaces, each apartment comes with stove, dishwasher, microwave, refrigerator, washer and dryer. Granite tops and ceramic back splash, elevator and gym. Separate utilities , heat and cool split unit . Yearly gross income $ 472,000.00
Property Facts
| Price | $7,937,832 CAD | Apartment Style | Low Rise |
| Price Per Unit | $496,114 CAD | Building Class | A |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 6.05% | Building Size | 10,000 SF |
| No. Units | 16 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment |
| Price | $7,937,832 CAD |
| Price Per Unit | $496,114 CAD |
| Sale Type | Investment |
| Cap Rate | 6.05% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | A |
| Lot Size | 0.12 AC |
| Building Size | 10,000 SF |
| No. Stories | 5 |
| Year Built | 2023 |
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 690 - 869 |
| 2+1 | 8 | - | 930 |
Walk Score ®
Very Walkable (88)
Transit Score ®
Excellent Transit (79)
PROPERTY TAXES
| Parcel Number | 14-00449-0000-00066 | Improvements Assessment | $3,621,860 CAD |
| Land Assessment | $198,667 CAD | Total Assessment | $3,820,527 CAD |
PROPERTY TAXES
Parcel Number
14-00449-0000-00066
Land Assessment
$198,667 CAD
Improvements Assessment
$3,621,860 CAD
Total Assessment
$3,820,527 CAD
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9-11 Clark St
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