Properties

Description

Prime investment opportunity in the heart of Newark! This mixed-use property features a fully rented commercial space on the 1st floor, generating $2,570/month with a 10-year lease and a 3% annual increase, ensuring long-term income stability.The 2nd-floor apartment is a spacious 4-bedroom, 1-bath unit, currently vacant and listed for $2,700/month, offering immediate rental potential at market value.The 3rd-floor unit is a 3-bedroom, 1-bath apartment, currently rented at $2,000/month, well below market value presenting a fantastic opportunity for future rent increases.The roof is one year old and has new electrical wiring.Located in a high-traffic area with excellent visibility, this property offers strong rental demand and upside potential. Don't miss out on this exceptional investment schedule your showing today!

Features

  • Heating System : 3 Units
  • Cooling System : No Cool
  • Roof Deck : Flat
  • Furnished : Tile, Laminate
  • Tax Assessed Valuation: 341400
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas In Street, Gas-Natural

Additional Info

  • Office Name: RE/MAX IN ACTION
  • Office MLS ID: 3959
  • Agent ID: 261279
  • Tax: 12983
  • Tax Year: 2024
  • Application Fee: $0
  • Zoning: Commercial

Commercial For Sale

For Sale
$880,000

67 Broadway, Newark City, *

  • SQFT 25 Acre
  • Built Year 1900

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5346501
  • Price: $880,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1900
  • Year Built Description: Approximate
  • Lot Area: 25 Acre
  • Status: Active
  • Days On Market: 1

Contact Agent

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: Broadway
  • Street Number: 67
  • Street Direction: Between Clark St and Broad St
  • Floor Number: 0
  • Longitude: W75° 49' 45.7''
  • Latitude: N40° 45' 8.8''
  • Internet Display Address: No
Property