$625,000
357 Avon Ave Newark City, NJ 07108
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$625,000
Est. payment /mo
2,613 Sqft Lot
UPDATED:
10/23/2024 04:12 PM
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3924772
Year Built 1900
Annual Tax Amount $7,232
Tax Year 2023
Lot Size 2,613 Sqft
Property Description
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 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 vacant and move-in ready. 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.
Location
State NJ
County Essex
Zoning Commercial
Rooms
Basement Unfinished
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Equipment Appliances, Kitchen Area, Smoke Detector
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Utilities Available Gas-Natural
Roof Type Flat
Building
Story 2
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Garima Verma
Broker / Owner | License ID: 1859462
Broker / Owner License ID: 1859462