NJ > Newark City
Newark City, NJ 07104,67 Broadway
Newark City, NJ 07104,67 Broadway
Newark City, NJ 07104,67 Broadway
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Steven Pagan

Steven Pagan

+1(609) 631-5668
$950,000
Est. payment /mo
1,742 Sqft Lot
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UPDATED:

11/13/2024 10:27 PM

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 3934175

Year Built 1920

Annual Tax Amount $9,586

Tax Year 2023

Lot Size 1,742 Sqft

Property Description

Discover a highly desirable mixed-use property just five blocks from the heart of downtown, offering excellent rental income at 7.25% CAP Rate and long-term leases. This property is ideal for investors looking for a steady revenue stream with growth potential!Commercial Space (1st Floor): Spacious commercial area with a basement, currently leased for $2,570 per month with a secure 10-year lease and a 3% annual rent increase. This setup ensures reliable income with a growth trajectory for years to come.Residential Units:2nd Floor: Fully renovated 4-bedroom, 1-bathroom apartment with a lease in place. Enjoy $2,550 in monthly rent for this renovated unit, offering a comfortable living space for tenants.3rd Floor: 3 bedrooms, 1-bathroom unit renting at $2,000 per month.Additional Highlights:No on-site parking, but conveniently located just a short five-block walk to downtown.

Location

State NJ

County Essex

Zoning no

Rooms

Basement Finished-Partially, Full

Interior

Heating Gas-Natural

Cooling 3 Units

Equipment See Remarks

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Utilities Available See Remarks

Roof Type Asphalt Shingle

Building

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

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Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by CHRISTIE'S INT. REAL ESTATE GROUP
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Our passion for real estate and love for New Jersey are a perfect match. We have made it our mission to help local residents sell their homes quickly and at the best possible prices, and  homebuyers in finding their perfect piece of paradise in New Jersey. 

+1(609) 631-5668

steven.pagan@foxroach.com

352 Stokes Rd, Medford, NJ, 08055, USA

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