357 Avon Ave
Newark City, NJ 07108
6 beds | #3924763
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
Legal
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Last Updated: . Source: GSMLS
Listing Courtesy
Listing Agent: ALEX MONACO (#294663), Phone: (609) 303-3456
Listing Office: RE/MAX INSTYLE (#4646)
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.
