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Updated almost 8 years ago on . Most recent reply

User Stats

17
Posts
12
Votes
Candi Rivera
  • Newark, NJ
12
Votes |
17
Posts

Buy/Hold Investment Property in North Newark

Candi Rivera
  • Newark, NJ
Posted

Hi everyone,

I received an informal text message today from an acquaintance who's wanting to sell a 3 family investment property located in North Newark area. 

I've asked him to send me specs and pictures of the property and all he sent me was that it has two 3 BR/2 Bath and one 2 BR/1 Bath. 

Asking price is $200K and according to him the house does not not need any repairs. Approximately $4,000-$4,200 p/ month in rent. Here's the only picture he sent me. 

I'm new to REI so wanted to get a feel if there's anyone who invests in North Newark, who would be interested in even taking a look at the property considering the "limited" info OR what other information would you need to even consider this a possible lead?

Most Popular Reply

User Stats

53
Posts
4
Votes
Shannon Covington
  • Investor
  • Newark, NJ
4
Votes |
53
Posts
Shannon Covington
  • Investor
  • Newark, NJ
Replied

Hi Candi,

Is it fully occupied? What are the taxes? Thanks

Shannon

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