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DO NO MISS OUT: 49 WARWICK ST. - NEWARK

Mixed us, property 3 apartments and 1 store, 1 parking space. The 1st-floor store being used as hair stylish with the lease expiring October 2019, rent 1,870.00 Rear, 1 bedrooms studio rent $775.00. 2nd floor 2 bedrooms, living room, bathroom, eat-in kitchen rent $1,100.00. 3rd floor 2 bedrooms, living room, bathroom, eat-in kitchen, rent $1,100.00. Total month $4,875.00. Four hot water tanks, 4 heat units hot water baseboard, 5 feet basement with utility room. Estimated gross income $58,140.00. Expenses $18,000 net operating income $40,000 (estimated). Current asking price at 6.5% cap rate. Not a short sale, good property for 1031 exchange.

Contact Antonio Costa for more Real Estate commercial and residential inquiries!

ANTONIO COSTA
Real Estate Associate
Cell: 973-460-5090
Office: 908-354-6000
Tony.Costa@LuckyRealty.com
Personal Site: www.TonyCosta.Realtor

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