Log In/Sign Up
Your email has been sent.
168 Sherman Ave 6 Unit Apartment Building $1,759,715 CAD ($293,286 CAD/Unit) Newark, NJ 07114
Executive Summary
Must see legal 6 Family Investment opportunity! Completely renovated inside & out in 2020, this turn-key property features major updates including a new roof, beams, plumbing, electrical, siding and HVAC systems. Each unit offers 2 bedrooms, 1 bath, an open-concept kitchen/dining area, high ceilings, stainless steel appliances, and is internet, phone and cable ready.
A camera/intercom system is installed in every unit for added security and convenience. All separate utilities and a bonus finished basement. Located near Downtown Newark, Newark International Airport, Newark Penn Station with easy access to major highways and public transportation, this is great chance to lock into a market with rising demand and solid growth potential.
A camera/intercom system is installed in every unit for added security and convenience. All separate utilities and a bonus finished basement. Located near Downtown Newark, Newark International Airport, Newark Penn Station with easy access to major highways and public transportation, this is great chance to lock into a market with rising demand and solid growth potential.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$165,577
|
$27.42
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$165,577
|
$27.42
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $165,577 |
| Annual Per SF | $27.42 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $165,577 |
| Annual Per SF | $27.42 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,759,715 CAD | Building Class | C |
| Price Per Unit | $293,286 CAD | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 6,039 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1969/2020 |
| Apartment Style | Low-Rise |
| Price | $1,759,715 CAD |
| Price Per Unit | $293,286 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 6,039 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1969/2020 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Security System
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 1
Property Taxes
| Parcel Number | 14-02786-0000-00022 | Improvements Assessment | $605,346 CAD (2025) |
| Land Assessment | $194,824 CAD (2025) | Total Assessment | $800,170 CAD (2025) |
Property Taxes
Parcel Number
14-02786-0000-00022
Land Assessment
$194,824 CAD (2025)
Improvements Assessment
$605,346 CAD (2025)
Total Assessment
$800,170 CAD (2025)
1 of 30
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
168 Sherman Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.