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Description

Investor alert! Welcome to 116 Mapes Ave, Newark, NJ ? a fantastic opportunity to own a solid 3-unit multi-family property in a thriving neighborhood. This well-maintained building offers strong income potential and immediate upside.The second and third-floor units have been tastefully updated, providing modern finishes that will appeal to today's renters. The first-floor unit is currently tenant-occupied, generating steady income, while the second floor is owner-occupied, and the third floor is vacant and move-in ready?perfect for rental or additional flexibility.Whether you're looking to expand your real estate portfolio or jump into house-hacking, this property offers versatility and future growth. Don?t miss out on this chance to invest in a vibrant area of Newark that continues to show strong demand.

Features

Heating System : Baseboard - Cast Iron
Cooling System : Ceiling Fan, Window A/c(s)
Basement : Finished
Roof Deck : Asphalt Shingle
Parking : 2
Parking Description: 1 Car Width
Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Stain
Tax Assessed Valuation: 194300
Sewer: Public Sewer
Water: Public Water

Appliances

Utilities: Electric, Gas-Natural

Additional Info

Office Name: EMERA REALTORS
Office MLS ID: 4076
Agent ID: 311629
Tax: 7389
Tax Year: 2024
Application Fee: $0

Multi-Family For Sale

For Sale

$699,000

116 Mapes Ave, Newark City, *

35 Acre
6
Built Year 1922

Details

Property Type: Multi-Family
Listing Type: For Sale
Listing ID: 5367659
Price: $699,000
Bedrooms: 6
Bathrooms: 0
Half Bathrooms: 0
Square Footage: 0 Sqft
Year Built: 1922
Year Built Description: Approximate
Lot Area: 35 Acre
Status: Active
Days On Market: 1

Contact Agent

Sky Realty & Associates

Email:

skyrealty.sec@gmail.com
Tel:

973.344.8880

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Map

Address Map

Country US
County Essex
City Newark City
Zipcode *
Street: Mapes Ave
Street Number: 116
Street Direction: Follow GPS
Floor Number: 0
Longitude: W75° 47' 31.6''
Latitude: N40° 42' 35''
Unit Number: 3
Internet Display Address: No