Possible buy... Gross 2750

[Joseph Tarallo]

First if anyone is from the Newark NJ area please comment on this property if you know the exact location, and if it is a war zone or not. I am from NJ but I do not know which areas are good and bad besides iron bound.

Here is the listing http://www.realtor.com/realestateandhomes-detail/Newark-City_NJ_07103_M67577-14062?row=1

I like the gross income I think for NJ it is getting a decent return. The asking price is 250k, but I wouldn't offer that much.