Essex County, Newark, NJ 07106

Investment Opportunity – Fully Occupied Triplex in Newark, NJ | $650,000 Market Value Excellent opportunity to own an income-producing, three-family property in Newark, New Jersey! This fully occupied triplex offers established rental income, separate utility meters, and the potential for future rent increases, making it an attractive addition to any real estate investment portfolio. PROPERTY BREAKDOWN Unit 1: 2-bedroom apartment currently renting for $1,560/month. Lease is month-to-month. Unit 2: 3-bedroom apartment currently renting for $1,540/month. Lease expires March 2027. Unit 3: 1-bedroom apartment currently renting for $1,250/month. Lease expires June 2027. CURRENT RENTAL INCOME Total monthly rental income: $4,350 Total annual rental income: $52,200 INVESTMENT POTENTIAL All three units are currently occupied, providing immediate rental income. The owner reports a history of consistent, on-time rent payments, with two tenants having remained in place since the COVID-19 pandemic. There is potential to increase rents over time, subject to applicable regulations, market conditions, and lease requirements, offering investors an opportunity to improve future rental returns. PROPERTY FEATURES AND UPDATES Three separate residential units Individual utility meters for each unit Tenants pay their own electricity, gas, and heat Owner pays water and sewer All three hot water heaters replaced in 2019 Roof, plumbing, and electrical work addressed prior to 2019, according to the owner Existing ductwork No central air conditioning; window units provide cooling MARKET VALUE: $650,000 With all three units occupied, established rental income, and potential for future rent growth, this Newark triplex presents an appealing opportunity for investors seeking long-term income potential and real estate appreciation. Whether you're an experienced investor or looking to expand your portfolio, don't miss the opportunity to explore this multi-family property in Newark, NJ. Schedule your showing today!