108 Vassar Ave, Newark City NJ 07112-2209

Projected $94,800 Annual Rental Income Vacant Legal 3-Family Weequahic " NewarkExcellent opportunity to acquire a vacant legal 3-family property in Newark's desirable Weequahic section, offering strong rental income potential and long-term appreciation. Delivered vacant, allowing the new owner to immediately establish market rents and maximize income.Unit Mix?-Unit 1 " 1st Floor: 3 Bedrooms 1 Bath " Potential Rent $3,200/month (split systems for heating & air); Unit 2 " 2nd Floor: 3 Bedrooms 1 Bath " Potential Rent $3,200/month;Unit 3 " 3rd Floor: 2 Bedrooms 1 Bath " Potential Rent $2,300/monthInvestment Highlights. Projected Monthly Income: $7,900. Projected Annual Income: $94,800;2025 Taxes: $11,665?;Pro-Forma Cap Rate: 8%+ depending on purchase price and operating expensesConveniently located near Weequahic Park, Newark Beth Israel Medical Center, public transportation, major highways, shopping, and schools, with easy access to downtown Newark, Newark Liberty International Airport, and NYC commuter routes.Strong rental demand area with limited multifamily inventory. Ideal for investors seeking an income-producing property or owner-occupants looking to offset their mortgage with rental income.