Two Building Package 67-69 Fabyan Pl Immeuble residentiel 12 lots 1 889 514 € (157 460 €/Lot) Newark, NJ 07108

Two Building Package located half a mile from each other.
The subject properties are:
(1) 3 Story Framed Apartment building containing 6 units. The apartments are all large 2 Bedroom Units and are approximately 850 SF each. Each unit has a spacious living room and Eat in Kitchen. 1 of the units was recently renovated (1L) and the building has a new roof and updated boilers/furnaces. The utilities are all separated with the tenants responsible for paying for their own heat, hot water, electric and cooking gas. The property has a current state inspection certificate that is valid until 2027
and
(1) 3 Story Brick Building containing 5 Apartments and 1 Commercial Unit. This building underwent a comprehensive gut rehab in 2006, with all systems and finishes replaced, while the original brick structure was preserved. The apartment layouts are highly desirable, consisting of two 3-bedroom/2-bath units, two 2-bedroom/2-bath units, and one 2-bedroom/1-bath unit. Each apartment boasts hardwood floors, tiled bathrooms, stainless steel appliances, HVAC units, and an open-concept design.
The first-floor office space offers approximately 1,250 square feet of rentable area and is fully handicapped accessible. It is in excellent condition and has been continuously leased since 2017 by a Community-Based Organization focused on public safety initiatives.