Exceptional mixed-use investment opportunity in Newark's thriving University Heights neighborhood! 221 Sussex Avenue features four residential units and one ground-floor commercial space, creating multiple income streams and strong cash-flow potential. Conveniently located near universities, downtown Newark, public transportation, major highways, and ongoing redevelopment projects, this property is positioned in one… Read More of the city's most desirable rental markets. Whether you're an experienced investor or looking to expand your portfolio, this property offers a combination of stable income, future appreciation potential, and long-term value. Don't miss this opportunity to own a well-located mixed-use asset in a growing community. Also available is the neighboring property at 219 Sussex Avenue. Purchase one or both, as the seller prefers a package sale of these side-by-side properties for maximum investment potential. Read Less
Courtesy of RE/MAX PROFESSIONALS I.
Listing Snapshot
Days Online
125
Last Updated
Property Type
Other
Lot Size
0.06 Acres
Year Built
1950
MLS Number
4030367
30 Days Snapshot Of 07103
$365k
-5%
(avg) sold price
4
-42%
homes sold
195
+98%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
No
Building
Built in 1950
Cooling
No Cool
Exterior Features
See Remarks
Water Features
Public Water
Heating
Electric, Gas-Natural, Forced Hot Air
Lot
Approximate Lot Size: 25X100, 0.06 acres
Property
4 units
Roof
Flat
Sewer
Public Sewer
Taxes
Annual Tax Amount: $13,679, Tax Rate: 3.803
Utilities
Electric, 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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