51 Richards St, Newark City, NJ 07105
- $1,715,000
- List Price
- $1,715,000
- Price Change
- ▼ $60,000 1788990448
- MLS#
- 4023710
- Dom
- 135
- Year Built
- 9999
- Status
- ACTIVE
- County
- Essex
- City
- Newark City
- Subdivision
- Ironbound
- Acres
- 0.08
Property Description
Rare opportunity to acquire a six-family property in the highly sought-after Ironbound section of Newark. 51 Richards Street features six spacious 2-bedroom apartments. Ideal for investors seeking stable cash flow in a prime location with built-in rental demand. The Ironbound market continues to outperform with its vibrant restaurant scene, proximity to Newark Penn Station, and easy access to NYC. Significant upside potential through rent increases and long-term appreciation. A strong addition to any portfolio in one of Newark?s most desirable rental neighborhoods.
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Additional Information
- Taxes
- $14,396
- Cooling
- Window A/C(s)
- Exterior
- Brick/Block, Vinyl Siding
- Heating
- 4+ Units, Baseboard - Hotwater
- Roof
- Flat
- Sewer
- Public Sewer
- Water
- Public Water
- Basement
- Yes
- Lot Description
- Level Lot
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Listing Courtesy Of EXIT REALTY LUCKY ASSOCIATES, Contact: 973-817-7700
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