New Investor in Upper vailsburg newark nj
All Real Estate Investors,
I have been on this forum and educating myself way on how to invest in real estate and I appreciate all your contributions. I'm now ready to invest in a multi-family home. I found one with 3 apartments in the upper Vailsburg area of Newark in New Jersey. Below are my questions:
Property is going for $390,000 - is this a reasonable price for a multi-family which has 2 -3 bed apartments and 1-2 bed apartment?
Seller is telling me I can get $1500 rent per month from the 3 bed apartments and $1200 from the 2 bed - is this accurate for this area?
How safe and easy is it to rent such a unit in this part of Newark?
I appreciate any comments and suggestions from any of you that are very familiar with this area.
Thanks in advance.