NJ > Newark City
Newark City, NJ 07108,357 Avon Ave
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Newark City, NJ 07108,357 Avon Ave
Newark City, NJ 07108,357 Avon Ave
Newark City, NJ 07108,357 Avon Ave
Newark City, NJ 07108,357 Avon Ave
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Patric Santo Pietro

Patric Santo Pietro

+1(732) 570-5442
$ 625,000
Est. payment /mo
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Price Dropped by $25K

357 Avon Ave Newark City, NJ 07108

2,613 Sqft Lot

UPDATED:

10/17/2024 06:02 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

Parking Type On-Street Parking

Building

Story 2

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by RE/MAX INSTYLE

Patric Santo Pietro

Agent | License ID: 1007170

+1(732) 570-5442

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357 Avon Ave

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