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357 Avon Ave

Newark City, NJ 07108
  • $625,000
  • STATUS: Active
  • ON SITE: 56 Days
  • ID#: 3924772
UPDATED: 14 min ago
$625,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

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.

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than eXp Realty LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-11-14T06:46:43.363.
www.rowackrealestateteam.com/homes/155389932
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357 Avon Ave Newark City, NJ 07108

  • Price: $625,000
  • Status: Active
  • On Site: 56 Days
  • Updated: 14 min ago
  • ID#: 3924772
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1900
Built
County:
Essex
Area:
Newark City
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.
Exterior Features

Approximate Lot Size 36X77.1 Construction Brick/Block Exterior Description Brick/Block Location Business District Number Of Bays 0 Number Of Docks 0 Parking Driveway Description On-Street Parking Roof Description Flat

Interior Features

Basement Yes Basement Description Unfinished Cooling Window A/C(s) Equipment Available AppliancesKitchen AreaSmoke Detector Heating 4+ UnitsSee Remarks Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 5 Office Sq Ft 0

Property Features

For Sale Or Lease For Sale Fuel Type Gas-Natural Primary Property Type MixedUse Property Type Mixed UseStore With Apartment Sale Includes Building Only Sewer Public Sewer Suite Number 0 Tax Amount 7232 Tax Rate Amount 3.728 Tax Rate Year 2023 Tax Year 2023 Utilities Gas-Natural Water Public Water Year Built Description Renovated Zoning Commercial

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Re/Max Instyle: 609-303-3456.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than eXp Realty LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-11-14T06:46:43.363.
 
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eXp Realty LLC
28 Valley Rd Suite #1
Montclair NJ, 07042