Prime 4-Unit Mixed-Use Property in Newark, NJ. High-Income Potential! This versatile mixed-use property offers incredible income opportunities in a highly desirable location. On the first level, there are two commercial spaces: one previously used as a hair salon and the other currently rented for $1,400/month.The second level features two newly… Read More renovated 3-bedroom apartments, both boasting fresh paint and new flooring. One unit is currently rented under market value to excellent tenants for $1,700/month, while the other is rented for $2,000. Both residential and commercial units have separate meters, providing ease of management. The property also includes new water heaters and a full unfinished basement, offering extra storage or expansion potential. With great tenants in place and an unbeatable location, this property is a smart investment with plenty of upside. Read Less
Courtesy of RE/MAX INSTYLE.
Listing Snapshot
Days Online
111
Last Updated
Property Type
Other
Beds
6
Lot Size
0.06 Acres
Year Built
1900
MLS Number
3924763
30 Days Snapshot Of 07108
$408k
-17%
(avg) sold price
5
+25%
homes sold
74
-53%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Unfinished, Yes
Building
Built in 1900
Cooling
Central Air
Exterior Features
Brick
Garage
None
Water Features
Public Water
Heating
Gas-Natural, Baseboard - Hotwater, Forced Hot Air
Lot
Approximate Lot Size: 36X77.1, 0.06 acres
Parking
None
Property
4 units, FHA Age Restricted: No
Roof
See Remarks
Sewer
Public Sewer
Taxes
Annual Tax Amount: $7,232, Tax Rate: 3.728
Unit One
1 bathroom, 3 bathrooms, Handicap Accessibility: No, See Remarks
Unit Two
1 bathroom, 3 bathrooms, Handicap Accessibility: No, See Remarks
Unit Three
1 bathroom, Handicap Accessibility: No, See Remarks
Unit Four
1 bathroom, Handicap Accessibility: No, See Remarks
Utilities
Gas-Natural
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All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. GSMLS Data provided via Home Junction, Inc.
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