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Cindy Huang

cindyhuangrealtor@gmail.com +1(201) 647-6663

$ 990,000

Est. payment | -/mo

3,484 SqFt

Save

$ 990,000

Est. payment | -/mo

Save

3,484 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 3,484 sqft

Price per Sqft $284

MLS Listing ID 4043437

Year Built 1920

Annual Tax Amount $11,125

Tax Year 2025

Lot Size 3,484 Sqft

Property Sub-Type Mixed Use

Property Description

Rare mixed-use investment opportunity on high-traffic S Orange Avenue in Newark's established West Side corridor.This well-maintained brick building offers two street-level commercial spaces plus four residential units ideal for anowner-user or pure income investor. Kitchens and baths updated within the last 10 years. Additional storage inbasement and private paved backyard. Separate utilities. Gross monthly income of $10,700. Priced at a compelling8.0% cap rate one of the strongest going-in yields available in Essex County today. Minutes to downtown Newark,NJ Transit, and major highways. REO (bank-owned) property. Seller is in the process of securing access to all units. All offers accepted subject tofull physical inspection contingency, to be scheduled once interior access is obtained. Buyer's due diligenceperiod commences upon written confirmation of unit access. Property sold strictly AS-IS. Seller will make norepairs. All income figures must be independently verified by Buyer. Proof of funds or pre-qualification requiredprior to showing. Do not disturb tenants.

Location

State NJ

County Essex

Zoning Mixed-Use

Rooms

Basement Storage

Interior

Heating Gas-Natural

Cooling Window A/C(s)

Equipment See Remarks

Heat Source Gas-Natural

Exterior

Exterior Feature Brick/Block

Utilities Available Electric, Gas-Natural

Roof Type See Remarks

Building

Lot Description Corner

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Listed by KELLER WILLIAMS - NJ METRO GROUP

Nearby Locations

"My job is to protect your interests and guide you through every step of buying, selling, or investing in New Jersey real estate."

+1(201) 647-6663

cindyhuangrealtor@gmail.com

165 Passaic Ave, Suite 205, Fairfield, New Jersey 07004, USA

304 S Orange Ave Newark City, NJ 07103

Cindy Huang

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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304 S Orange Ave