Listing Courtesy of: 609-303-3456 - ALEX MONACO - RE/MAX INSTYLE
609-303-3456
$625,000
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357 AVON AVE Newark, NJ 07108
Multi-Family
Residence
6
Beds
7
Baths
Sq. Ft.
0.06
Acre
Lot
Property Activity
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days
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Prime 4-Unit Mixed-Use Property in Newark, NJ. High-Income Potential! This versatile mixed-use property offers incredible income opportunities in a highly desirable location. On the first level, there are two commercial spaces: one previously used as a hair salon and the other currently rented for $...1,400/month.The second level features two newly renovated 3-bedroom apartments, both boasting fresh paint and new flooring. One unit is currently rented under market value to excellent tenants for $1,700/month, while the other is vacant and move-in ready. Both residential and commercial units have separate meters, providing ease of management. The property also includes new water heaters and a full unfinished basement, offering extra storage or expansion potential. With great tenants in place and an unbeatable location, this property is a smart investment with plenty of upside.
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MLS#
3924763
Property Type
Multi-Family
Bedrooms
6
Bathrooms
4 Full/3 Half
Year Built
1900
Lot Size
0.06
Sewer
Public Sewer
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