$625,000
For Sale
Browse 57 photos
Type:Multi-Family
Structure:4 Family
Zone:Residential

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.

  • Interior Details
      • HeatingBaseboard - Hotwater, Forced Hot Air
      • Heating SourceGas-Natural
    • Beds & Baths
      • Bedrooms6
  • Property Details
      • Exterior MaterialsBrick
  • Construction Details
      • Property TypeMulti-Family
      • Basement DescriptionUnfinished
      • BasementYes
    • Condition
      • Year Built1900
    • Material information
      • RoofSee Remarks
  • Utilities / Energy Details
      • Sewer InformationPublic Sewer
      • WaterPublic Water
      • Utility FeaturesGas-Natural
  • Other
      • MLS #3924763

Location

John MikhailReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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