Property
Newark City, NJ 07104 13-15 May St
$850,000
24 more
Presented By: EXP REALTY, LLC
Beds • 10- Baths • 7
- Garage • 4
Beds • 10
Baths • 7
Garage • 4Home Details
Rare investment opportunity in North Newark offering offering an attractive 7%+ cap rate with strong upside potential. Fully occupied property featuring a unique side-by-side layout with two spacious 3 story units, each offering 5 bedrooms, multiple bathrooms, and large living areas. Additional income potential with 4 detached garage/storage units, a large finished basement with separate entrance, and a central laundry room. Property includes separate heating systems for each unit and a private driveway leading to a 4-car garage. Conveniently located near NYC transportation, major highways, schools, shopping, and public transit. Ideal for investors seeking stable cash flow with value-add potential.
Presented By: EXP REALTY, LLC
Interior Features for 13-15 May St
Bedrooms
Total Bedrooms10
Unit 1 Beds Total5
Unit 2 Beds Total5
Bathrooms
Half Baths0
Unit 1 Baths Total3.0
Unit 2 Baths Total4.0
Other Interior Features
Unit 1 Sq Ft1710
Unit 2 Sq Ft1710
Unit 1 Levels1
Unit 2 Levels1
UnitType1TotalRent3623
UnitType2TotalRent2700
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces1
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector, Dryer, Range/Oven - Gas
Unit 2 Appl/EquipCarbon Monoxide Detector, Dryer, Range/Oven - Gas
BasementFinished-Partially
Fuel TypeGas-Natural
Other Rooms
Unit 2 Rooms8
Unit 1 Rooms8
Unit 1 Room DescriptionBedrooms
Unit 2 Room DescriptionBedrooms
General for 13-15 May St
Architectural Style3-Three Story
CoolingWindow A/C(s)
CountyEssex
DirectionsWakeman Ave to May Street. GPS works fine.
DriveAdditional Parking, Blacktop, Driveway-Exclusive, Fencing, Off-Street Parking, On-Street Parking
EasementUnknown
Full Baths7
GarageDetached Garage
Garage Spaces4
Gross Income82476
Heating2 Units, Radiators - Steam
Net Operating Income62276
Number Of Units Total2
Open Parking Spaces10
Operating Expense18000
Possessionat Closing
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount10901
Tax Assessed Value272600
Tax Lot26
Tax Year2025
Total Rooms17
Town #1614
TownshipNewark City
UtilitiesAll Underground
Year Built1899
Exterior for 13-15 May St
Exterior DescriptionVinyl Siding
Lot Dimensions5240 SF
Lot Size Acres0.12
Water SourcePublic Water
Additional Details
Price History
Charles Torres
Owner