12 Adams StNewark, NJ 07105

For Sale
$7,700,000

18 Units, 15 Parking Spaces, High-End Finishes

Overview

Added:
Feb 3
Days on market:
39
This exceptional 2018-constructed apartment building, located in Newark's desirable Ironbound section, presents a lucrative investment opportunity. The property boasts 18 spacious apartments, each meticulously designed with modern amenities. Seventeen units offer two bedrooms and two bathrooms, while one unit features two bedrooms and one bathroom. All units include a comfortable living/dining area and a well-appointed kitchen, ranging from approximately 900 to 914 square feet. High-quality finishes are evident throughout, including wood and ceramic flooring, central air conditioning and heating, and stylish quartz countertops in the kitchens. Stainless steel appliances and tankless hot water units add to the convenience and efficiency. Anderson windows provide ample natural light and energy efficiency. Bathrooms are elegantly finished with Kohler fixtures, and the building features 9-foot ceilings. Fifteen convenient indoor parking spaces are available for residents. Additional building amenities include an elevator, coin-operated laundry facilities, and a comprehensive security system with surveillance cameras. The building's prime location offers easy access to both the Newark and Harrison train stations, providing excellent commuting options. The property sits on a 0.19-acre lot and faces two streets, Adams and Jackson, maximizing visibility and accessibility. This turnkey investment is poised for strong returns.

Property Details for 12 Adams St

Property type
Residential income properties, Multifamily properties
Year Built
2018
Lot Size (sq. ft)
8,276 SF

Location Insight

City
Newark
County
Essex
State
New Jersey
Latitude
40.73149
Longitude
-74.15616
12 Adams St, Newark, New Jersey

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12 Adams St
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