404-406 Bloomfield Ave Newark, NJ 07107

Great, well kept, fully rented building showing true "pride of ownership" over the years. There are a total of 12 units. 7-one bedroom, 3-two bedroom, and 2 storefronts. All tenants are up to date with rent. Owner pays heat, hot water, sewer, taxes, insurance. Tenants pay their electric. Gross operating income $164,000. Gross operating expenses $60,000, Net operating income $104,000. Yearly state inspection is up to date. Store front leases can be terminated after 60 days upon new owners request as per their lease. Close proximity to schools, shopping, churches, highways, and mass transit.