197 Schuyler Ave, Newark, NJ 07112
197 Schuyler Avenue is a three-story, fully renovated, brick building located at the corner of Lehigh Ave and Schuyler Ave in New Jersey. The building consists of 20 units with an attractive unit mix of 17 one-bedrooms and three two-bedrooms. The property has an in place cap rate of 6.11% at the current asking price. All apartments have been updated with modern finishes including, new flooring, stainless steel appliances, counter tops, newly finished bathrooms. and seperately metered utilities. Tenants are responsible for cooking gas electric heat hot water and the landlord is responsible for cold water common area electric. Located less than a five minute walk from the Children's Hospital of New Jersey, the property is an ideal location for doctors and nurses. The property is located 5 miles from Newark Penn Station which offers a 15 minute ride to New York Penn Station and a half mile from the Maple Ave bus stop which offers a direct ride into Midtown New York. The property has immediate access to Interstate 78 and Route 22.
197 Schuyler Avenue is a three-story, fully renovated, brick building located at the corner of Lehigh Ave and Schuyler Ave in New Jersey. The building consists of 20 units with an attractive unit mix of 17 one-bedrooms and three two-bedrooms. The property has an in place cap rate of 6.11% at the current asking price. All apartments have been updated with modern finishes including, new flooring, stainless steel appliances, counter tops, newly finished bathrooms. and seperately metered utilities. Tenants are responsible for cooking gas electric heat hot water and the landlord is responsible for cold water common area electric. Located less than a five minute walk from the Children's Hospital of New Jersey, the property is an ideal location for doctors and nurses. The property is located 5 miles from Newark Penn Station which offers a 15 minute ride to New York Penn Station and a half mile from the Maple Ave bus stop which offers a direct ride into Midtown New York. The property has immediate access to Interstate 78 and Route 22.
