NJ > Newark City
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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$625,000
Est. payment /mo
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6 BD
5.5 BA
2,613 Sqft Lot
Price Dropped by $25K

357 Avon Ave Newark City, NJ 07108

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Isaac De Castro

Isaac De Castro

+1(646) 626-7901

UPDATED:

10/17/2024 06:02 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 3924763

Style Fourplex, See Remarks

Bedrooms 6

Full Baths 4

Half Baths 3

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

Rooms

Basement Unfinished

Interior

Heating Gas-Natural

Cooling Central Air

Heat Source Gas-Natural

Exterior

Exterior Feature Brick

Garage None

Utilities Available Gas-Natural

Roof Type See Remarks

Parking Type None

Building

Sewer Public Sewer

Water Public Water

Architectural Style Fourplex, See Remarks

Others

Senior Community No

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

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Isaac De Castro

Real Estate Advisor | 3561456; 1750974; 10401278264

+1(646) 626-7901

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