380 11Th St Newark, NJ 07107
- Apartment buildings
Current Use by Public Records
- central park, new york / Shopping Mall
Property Details for 380 11Th St
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a portfolio of four Class C apartment buildings located at 380 N 11th St, Newark, NJ 07107, within Essex County. The portfolio comprises a mix of studio, one, two, three, and four-bedroom units, currently boasting a 98% occupancy rate. Three of the four buildings have undergone complete renovations, including significant capital improvements, while the remaining building has received lighter renovations. Each building benefits from separate utilities. A compelling aspect of this investment is the potential for substantial rent increases. Current rents are approximately 22% below market value
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1877
- Latitude
- 40.7684