380 Union Street
Newark, New York 14513 United States

$1,650,000
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This is a total of 45 rental units in 12 different properties, in Village of Newark. Over $200k NOI, $350k Gross rents, 12-CAP. Several long term master leases to stable non-profit agencies, they pay all rent, handle maintenance, lawn, snow,...
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Select Sotheby's International Realty

$1,650,000
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4.5 Acres
Exterior
Apartments / Flats
R319668
Web Id
R319668
MLS ID
NEWARK CENTRAL SCHOOL DISTRICT
School District
76
days ago

About 380 Union Street

This is a total of 45 rental units in 12 different properties, in Village of Newark. Over $200k NOI, $350k Gross rents, 12-CAP. Several long term master leases to stable non-profit agencies, they pay all rent, handle maintenance, lawn, snow, tenant placement, etc. These are all located within a 5-minute radius, making for an easily managed portfolio. Structures and mechanicals in excellent condition. Fully occupied. Built, owned and managed by the same family since the mid 1900's. A nice collection of turn-key rental properties filled with rent paying tenants. Email for list of 11 Tax ID's

Listing Courtesy of Thomas A. Salviski ,Central MLS

PROPERTY INFORMATION

Heating 
Gas
Waterfront 
Erie Canal

EXTERIOR

Exterior Features 
Brick, Other - See Remarks, Vinyl, Wood