267 6th Ave W, Newark City NJ 07107-1630

Strong Income-Producing Opportunity with Monthly Cash Flow Potential. Don't miss this solid brick two-family property featuring updated heating, plumbing, and electrical systems. The first-floor unit offers a modernized kitchen and bath, while the expansive second-floor duplex includes five generously sized bedrooms and two full bathrooms. In total, the property features 8 bedrooms and 3 full baths, plus a high-ceiling basement offering flexible future possibilities. Based on current market data, the second-floor unit has an estimated market rent of approximately $4,400 per month, while the first-floor unit is estimated to rent for approximately $2,000 per month once vacated. Finished basements in the area may rent for approximately $2,050 per month; any potential income is subject to buyer obtaining all required approvals and completing due diligence. Current rental income for the property is approximately $6,100 per month, with a TOTAL ESTIMATED MONTHLY GROSS RENTAL INCOME up to $8,700 when fully rented at market rates. Ideally located near public transportation, shopping, and major thoroughfares, this property presents an excellent opportunity for both investors and owner-occupiers. Property can be delivered fully vacant.