357 Avon Ave Active

Newark City,NJ 07108

$ 625000

- Bed

- Bath

0 SqFt


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

Interior

Heating Gas-Natural

Cooling Window A/C(s)

Equipment Appliances, Kitchen Area, Smoke Detector

Exterior

Exterior Feature Brick/Block

Utilities Available Gas-Natural

Roof Type Flat

Building

Story 2

Sewer Public Sewer

Water Public Water

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