Newark NJ Multifamily Investing
2 Replies
Kareem Hyman
Rental Property Investor from Northern New Jesey
posted over 3 years ago
I am interested in purchasing a property in Newark NJ and have found a home that fits my criteria. I am not too familiar with the sections of Newark. From my research I've discovered that the West and South wards tend to have the most crime. The home is located in Lowers Vailsburg which is in the west ward west of the parkway. Through my research I have found that east of the parkway on the numbered blocks is where most of the crime takes place. Just wanted to hear thoughts from investors in that area regarding the west ward section. Any insight would help. Thank you!
Ray Schumacher
Contractor from Woodcliff Lk, NJ
replied over 3 years ago
Hi Kareem
Have you considered Montclair NJ, there is not as much crime.
Ray
Kevin Schaefer
Real Estate Agent from Emerson, NJ
replied over 3 years ago
@Kareem Hyman from my experience Vailsburg seems to be coming up. It can still be dodgy but there's some good deals to be had. I recently closed on a HUD home on West End for a client and been showing many homes in that area recently.