168 Sherman Ave

For Sale$1,290,000

168 Sherman Ave, Newark, NJ 07114

  • Multi-Family

168 Sherman Ave, Newark, NJ 07114 - Multi-Family Space

168 Sherman Ave is located at 168 Sherman Ave in the South Broad Valley neighborhood, NJ, Newark, 07114.

Details

  • Sale Price $1,290,000
  • City Newark
  • Neighborhood South Broad Valley
  • Zip Code 07114
  • Property Type Multi-Family
  • Units 6
  • Lot Size 0.08 Acre
  • Property Tenancy Multi-Tenant
  • Year Renovated 2020
  • Date Updated 18 Sep, 2020

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Description

This must see 6 FAMILY investment opportunity has been tastefully and completely renovated inside and out in 2020. 2 bedrooms 1 bath, dining room/kitchen open concept, living room, 9ft ceilings, stainless steel appliances, central Ac/Heat, internet/phone/cable ready, camera/intercom system in every unit. Bonus finished basement. All separate utilities. NOI-$87,820 - 7 3/4 CAP RATE Completely Renovated, New Beams, New Roof, New Siding, New Sidewalk, New Iron Gates and Iron Railings, New Electrical, New Plumbing, New Sewage Line, New Central AC/Heating, Intercom, Camera and Full Finished Basement

South Broad Valley Demographics

The average household income in zip code 07114 is $39,600, from a total of 3,375 households. In terms of employment, there are 64.27 % white-collar and 35.73 % blue-collar jobs in zip code 07114.

Population

  • Total Population3,962
  • Male Population(47.8 %) 1,892
  • Female Population(52.2 %) 2,070
  • Median Age34.00

Income/Financial

  • Average Household Income$39,129
  • Median Household Income$28,341
  • Median Income Under 25$23,380
  • Median Income 25-44$27,259
  • Median Income 45-64$31,676
  • Median Income Over 65$18,364

Commercial Broker Register now to add listings

Marilene Oliveira

Exit Realty Lucky Associates

(973) 908-0348

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