179 MAPES AVE Newark, NJ 07112

Amazing opportunity for an owner or investor to acquire 4 income producing multi-family properties in one of the fastest growing areas of Newark & Irvington. 179 Mapes Ave consists of 10 bed 5 baths. Potential to be sold separately or as a package comprising 13 units. Renovated and fully occupied. All Tenants month to month. Separate Utilities. Off-Street parking for 4 cars. Ability to install coin-operated laundry to increase NOI. Conveniently located near Weequahic Park, Beth Israel Hospital, shopping, and public transportation. Whether you are a first time home buyer interested in living in one unit (individual units can be delivered vacant) and collecting passive income or you are a seasoned investor looking to add to your portfolio this property has it all. NOI: $55,926. Individual Cap Rate 12% Combined Cap Rate 9.2%. See portfolio: 202026615, 202026614, 202026613, 202026612