***FOR FASTEST RESPONSE PLEASE CALL OR TEXT Brianna at 314-403-1446***

Address: 152-154 Norman Rd, Newark, NJ 07106

Video: https://app.homejab.com/property/view/152-norman-rd-newark-nj-07106-usa

4 family unit. 3- 2bed/1 bath, 1 - 3 bed/1 bath. All rented at $1200 month & 3 bed at $1500 month. 

1 Boiler for heat and Window units. Has 4 single garages in back of building that need renovation. Tenants park behind or on street. Roof is old. Full basement with kitchen, bathroom and bedrooms but likely not rentable based on occupancy rules. 

Please do not approach property or bother tenants without authorization!

Rent (Month-month leases)

2/1 $1200

2/1 $1200

2/1 $1150

3/1 $1500

Expenses: 

Owner pays water/sewer averaging $500 a month. 

Taxes: $11,153 annual

Insurance: $450 a month 

Asking Price: $500K

ARV: 650K

-Showing Instructions: Tenant Occupied!

-Cash or Hard money only

-Sight unseen offers always prioritized.

-Buyer pays all closing costs 

-Deal not final until EMD is received.  

-Inspections done prior to contract. (Zero day inspection period)