357 Avon Ave
Newark City, NJ 07108
Price: $625,000
GSMLS: 3924763Type: Multi-Family
Style: Fourplex, See Remarks
Total Units: 4
Beds: 6
Baths: 4 Full & 3 Half
Garage: No
Year Built: Unknown
Acres: 0.06
Property Tax: $7,232
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 Rented For $2,000. 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.
General Info
Style:
Fourplex, See Remarks
SqFt Building:
n/a
Total Rooms:
12
Basement:
Yes - Unfinished
Interior:
n/a
Roof:
See Remarks
Exterior:
Brick
Lot Size:
36X77.1
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
None
Parking:
None
Spaces Available:
n/a
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
1
Total Rooms:
1
Room Description:
Bedrooms, See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
1
Total Rooms:
1
Room Description:
Bedrooms, See Remarks
Levels:
4
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Utilities
Heating:
Baseboard - Hotwater, Forced Hot Air
Heating Fuel:
Gas-Natural
Cooling:
Central Air
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$625,000
Tax Amount:
$7,232
Land Assessment:
$56,100
Build. Assessment:
$162,200
Total Assessment:
$218,300
Tax Rate:
3.73
Tax Year:
2023
Listing Information
MLS ID:
3924763
List Date:
09-16-2024
Days On Market:
60
Listing Broker:
RE/MAX INSTYLE
Listing Agent:
Alex Monaco
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
