Iron Bound Newark, NJ Property portfolio 6 Properties Offered at $3,489,000 CAD in Newark, NJ
INVESTMENT HIGHLIGHTS
- Great deal.
EXECUTIVE SUMMARY
**Exceptional Investment Opportunity in Ironbound, Newark, NJ**
We are thrilled to present a **prime portfolio of properties** for sale as a **package deal** in one of Newark's most sought-after areas – the **Ironbound District**. This rare offering includes **multi-family residential units** strategically located to maximize your return on investment.
**Property Addresses:**
- 44 Nichols Street (Single Family)
- 46 Nichols Street (16x73 Parking lot)
- 48-50 Nichols Street (4 Family + Commercial)
- 225 Jefferson Street (Single Family)
- 227 Jefferson Street (Single Family)
- 229 Jefferson Street ( 3 Family)
- 231 Jefferson Street (Single Family)
**Key Highlights:**
- **Premium Location:** Situated in the heart of Ironbound, known for its vibrant community, proximity to local amenities, dining, and excellent transportation links.
- **Multi-Family Residences:** These properties provide immediate rental income opportunities with the potential for increased cash flow and appreciation.
- **High Demand Area:** The Ironbound District is highly desirable for both tenants and buyers due to its convenient location to the Newark Penn Station and robust local economy.
- **Proximity to Transit:** Easy access to Newark Penn Station, major highways, and just minutes from Downtown Newark, making it ideal for commuters and residents alike.
This portfolio offers a **unique chance** to own **multiple high-performing properties** in one of the fastest-growing neighborhoods in New Jersey. Whether you're looking to expand your real estate portfolio or secure a strong income-producing asset, this package deal is an **investment not to be missed**.These properties are all attached in , taking the whole side of the block of Jefferson Street and around the corner on Nichols Street.
Don't miss out on this **unmatched opportunity** to acquire these prime assets in the Ironbound District. **Contact us today** for more details and to schedule a viewing!
We are thrilled to present a **prime portfolio of properties** for sale as a **package deal** in one of Newark's most sought-after areas – the **Ironbound District**. This rare offering includes **multi-family residential units** strategically located to maximize your return on investment.
**Property Addresses:**
- 44 Nichols Street (Single Family)
- 46 Nichols Street (16x73 Parking lot)
- 48-50 Nichols Street (4 Family + Commercial)
- 225 Jefferson Street (Single Family)
- 227 Jefferson Street (Single Family)
- 229 Jefferson Street ( 3 Family)
- 231 Jefferson Street (Single Family)
**Key Highlights:**
- **Premium Location:** Situated in the heart of Ironbound, known for its vibrant community, proximity to local amenities, dining, and excellent transportation links.
- **Multi-Family Residences:** These properties provide immediate rental income opportunities with the potential for increased cash flow and appreciation.
- **High Demand Area:** The Ironbound District is highly desirable for both tenants and buyers due to its convenient location to the Newark Penn Station and robust local economy.
- **Proximity to Transit:** Easy access to Newark Penn Station, major highways, and just minutes from Downtown Newark, making it ideal for commuters and residents alike.
This portfolio offers a **unique chance** to own **multiple high-performing properties** in one of the fastest-growing neighborhoods in New Jersey. Whether you're looking to expand your real estate portfolio or secure a strong income-producing asset, this package deal is an **investment not to be missed**.These properties are all attached in , taking the whole side of the block of Jefferson Street and around the corner on Nichols Street.
Don't miss out on this **unmatched opportunity** to acquire these prime assets in the Ironbound District. **Contact us today** for more details and to schedule a viewing!
TAXES & OPERATING EXPENSES (ACTUAL - 2023) |
ANNUAL (CAD) |
|---|---|
| Gross Rental Income |
$320,709
|
| Other Income |
-
|
| Vacancy Loss |
$12,586
|
| Effective Gross Income |
$308,123
|
| Taxes |
$60,289
|
| Operating Expenses |
$59,866
|
| Total Expenses |
$120,154
|
| Net Operating Income |
$187,969
|
PROPERTY FACTS
| Price | $3,489,000 CAD |
| Price / SF | $446.05 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 9.84% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 7,822 SF |
| Total Land Area | 0.15 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 44 Nichols St, Newark, NJ 07105 | Land | 0.02 AC | - | - |
|
46 Nichols Street
46 Nichols St, Newark, NJ 07105 |
Land | 0.03 AC | - | - |
| 48-50 Nichols St, Newark, NJ 07105 | Multifamily | 2,422 SF | 1919 | - |
| 225-227 Jefferson St, Newark, NJ 07105 | Multifamily | 1,050 SF | 1920 | - |
| 227-231 Jefferson St, Newark, NJ 07105 | Multifamily | 1,050 SF | 1920 | - |
| 229 Jefferson St, Newark, NJ 07105 | Multifamily | 3,300 SF | 1920 | - |
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