504 Springfield Ave,Newark City, NJ 07103
Newark City, NJ 07103
Description
Mixed-Use Building: Taxes 10,713 Lot 24x105 offers both commercial and residential income opportunities. The first floor retail unit previously occupied by a pharmacy, making it an excellent opportunity for a variety of potential businesses. The 2nd and 3rd floors each include large, residential apartments with 3 or potential for 4 bedrooms 1 bathroom. (Note: some bedrooms do not include a closet.) These units offer high ceilings, generous layouts, & both front and rear stair access. Separate utilities, Unfinished basement w/ bilco door. Building upgrades completed in 2006, including updated electrical systems, central air, hot water baseboard heating. The property is being sold as-is, presenting a fantastic opportunity for an investor or owner-occupant to add value and maximize income. Store Rent Potential $2,500 - $3,000 - (Potential Annual Income $100,000 (+/-) - Total 4,700 sq ft (+/-) Basement is 1,229 sq ft Retail Floor is 1,099 Sq ft - 2nd Floor Unit is 1,184sqft, 3rd Floor Unit is 1,184 sq ft (SQ FT Measurement calculated by the Matterport System and should be approx. - Owner Financing available -
Details
| MLS # | 4051206 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 9999 |
| Days On Site | 36 |
| Listing Provided By | RE/MAX LIFETIME REALTORS | TINA REBIMBAS TORRES |
Features
| Basement | Y |
|---|---|
| Story(s) | 3 |
| Units | 3 |
| Zoning | Mix Use |
Taxes
| Property | 11265 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07103 |
| Area | Essex |
| Listing VS Median (in 07103) | |
Price: $649,900 low | high Med: $2,350 On site: 36 low | high Med: 108.5 | |
Market Activity 07103
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Learn More About This Property
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07103 |
| Area | Essex |
| Listing VS Median (in 07103) | |
Price: $649,900 low | high Med: $2,350 On site: 36 low | high Med: 108.5 | |
