OPEN HOUSES: SATURDAY, JULY 11TH: 12:00 PM - 3:00 PM & SUNDAY, JULY 12TH: 1:00 PM - 4:00 PM
Turnkey Vacant 3-Family Investment Opportunity in Newark, NJ
Discover an exceptional opportunity to own a fully vacant, turnkey 3-family property in one of Newark's most convenient locations. Whether you're an investor looking for strong cash flow, an owner-occupant hoping to offset your mortgage, or a buyer seeking a multigenerational home, this property offers outstanding flexibility from day one.
The building features three spacious units totaling 8 bedrooms and 5 bathrooms, including:
Unit 1: 2 Bedrooms / 1 Bathroom
Unit 2: 3 Bedrooms / 2 Bathrooms
Unit 3: 3 Bedrooms / 2 Bathrooms
With vacant delivery, you can immediately move into your preferred unit, lease all three at current market rents, or create the perfect setup for extended family living. The property has been exceptionally maintained and includes major capital improvements, such as a new roof and new HVAC systems, reducing future maintenance costs.
Lease all three units at market rents and take advantage of projected rental income of approximately $8,000 to $9,000+ per month, subject to market conditions and tenant qualifications. This makes the property an excellent opportunity for investors seeking immediate cash flow and long-term appreciation.
Prime Newark Location
Conveniently located just minutes from Downtown Newark, the Ironbound District, Newark Penn Station, Newark Liberty International Airport, major highways including I-78, I-95, and Route 21, as well as shopping, restaurants, schools, parks, and public transportation. Enjoy easy access to everything Newark and the surrounding areas have to offer while remaining just outside the busiest downtown congestion.
This is a rare opportunity to purchase a move-in-ready, income-producing property with vacant delivery, modern system updates, private parking, and exceptional long-term investment potential. RSVP to the open house today.