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255-257 Lake St 9 Unit Apartment Building For Sale Newark, NJ 07104
INVESTMENT HIGHLIGHTS
- 8- 3 bedrooms, 1- 2 bedroom
- High occupancy neighborhood
- Strong upside potential
- Separate utilities - Low operating cost.
EXECUTIVE SUMMARY
Exceptional nine-unit multifamily property nestled in the heart of Newark, NJ. Situated directly across from the breathtaking Branch Brook Park, renowned for its cherry blossom festival and expansive green spaces. This property offers an unbeatable combination of location, strong rental demand, and value-add potential
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.14 AC |
| No. Units | 9 | Building Size | 20,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1955/2017 |
| Building Class | C | ||
| Zoning | R-3 | ||
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 20,000 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1955/2017 |
| Zoning | R-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 3+1 | 8 | - | - |
Walk Score®
Very Walkable (74)
Transit Score®
Excellent Transit (73)
PROPERTY TAXES
| Parcel Number | 14-00540-0000-00037 | Improvements Assessment | $733,902 CAD |
| Land Assessment | $254,043 CAD | Total Assessment | $987,945 CAD |
PROPERTY TAXES
Parcel Number
14-00540-0000-00037
Land Assessment
$254,043 CAD
Improvements Assessment
$733,902 CAD
Total Assessment
$987,945 CAD
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255-257 Lake St
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