504 Springfield Ave, Newark City, NJ 07103
- $649,900
- List Price
- $649,900
- MLS#
- 4051206
- Year Built
- 9999
- Status
- ACTIVE
- County
- Essex
- City
- Newark City
- Acres
- 0.06
Property 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.
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Additional Information
- Taxes
- $11,265
- Cooling
- 1 Unit, Central Air
- Exterior
- See Remarks
- Heating
- 3 Units
- Roof
- Flat
- Sewer
- Public Sewer
- Water
- Public Water
- Basement
- Yes
- Lot Description
- Level Lot
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Listing Courtesy Of RE/MAX LIFETIME REALTORS, Contact: 908-688-2828
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