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$ 699,000
Est. payment | /mo
9,999 SqFt
$ 699,000
Est. payment | /mo
9,999 SqFt
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 9,999 sqft
Price per Sqft $69
MLS Listing ID 3939262
Annual Tax Amount $9,999
Tax Year 2023
Lot Size 1,742 Sqft
Property Description
This versatile mixed-use property offers a unique investment opportunity in Newark's thriving Springfield/Belmont neighborhood. The building features five units, including two ground-level commercial spaces currently operating as a grocery store and a convenience store, providing steady income potential. The residential component includes three well-maintained apartments: a spacious 3-bedroom, 1-bath unit, a comfortable 2-bedroom, 1-bath unit, and a studio apartment. Each residential unit boasts bright, airy living spaces with updated kitchens, creating an inviting and modern living environment. A finished basement completes the property.Strategically located near schools, parks, shopping, and dining options, the property is ideal for tenants seeking convenience and accessibility. Public transportation and major highways are easily accessible with public bus stops across the street, ensuring connectivity to downtown Newark and surrounding areas. Whether you're looking to expand your portfolio or secure a property with diverse income streams, this location offers endless possibilities in a dynamic and growing community.
Location
State NJ
County Essex
Zoning Commercial
Rooms
Basement Finished
Interior
Heating Gas-Natural
Cooling No Cool
Equipment See Remarks
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Utilities Available Gas In Street
Roof Type Flat
Building
Story 2
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by KELLER WILLIAMS REALTY