Properties

Description

Investor Opportunity " 4-Family in Newark Located in the City of Newark, this legal 4-family property is positioned on a busy street surrounded by a mix of residential homes and professional office spaces, making it an excellent candidate for redevelopment or value-add investment. With a total of 23 rooms, 8 bedrooms, multiple bathrooms, and a detached 2-car garage, this property offers significant scale and potential. While the property is in need of renovations, it presents a unique opportunity for investors seeking to reposition a multi-family in a high-demand market. The large footprint and flexible layout provide options for reconfiguration, modernization, or conversion to meet today's rental and mixed-use demand. With strong rental demand in Newark and the growing trend of mixed-use conversions in the area, this property offers excellent upside potential for the right buyer. This is your chance to acquire a value-add project in a prime location ideal for seasoned investors or developers looking to maximize return on investment.

Features

  • Heating System : 1 Unit, See Remarks
  • Cooling System : None, Seerem
  • Basement : Full
  • Roof Deck : See Remarks
  • Parking : 2
  • Parking Description: 1 Car Width, Blacktop
  • Interior Features: See Remarks
  • Tax Assessed Valuation: 341400
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural

Additional Info

  • Office Name: CENTURY 21 ALLIANCE REALTY
  • Office MLS ID: 200301
  • Agent ID: 214056
  • Tax: 12983
  • Tax Year: 2024
  • Application Fee: $0

Multi-Family For Sale

For Sale
$599,900

570 Mount Prospect Ave, Newark City, *

  • SQFT 90 Acre
  • Bedroom 8
  • Built Year 1920

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5387071
  • Price: $599,900
  • Bedrooms: 8
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1920
  • Year Built Description: Approximate
  • Lot Area: 90 Acre
  • Status: Active
  • Days On Market: 7

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: Mount Prospect Ave
  • Street Number: 570
  • Street Direction: Bloomfield Avenue to Mt. Prospect Avenue, the sub
  • Floor Number: 0
  • Longitude: W75° 49' 55''
  • Latitude: N40° 46' 16.9''
  • Internet Display Address: No
Property