Very huge building approved for 3 family dwelling. Currently being used a a shelter (Class 1 Shelter) and approved for 39 people. Zoning is already approved for shelter and new owner doesn't need new zoning. However only the building is offered for sale. This landmark historic building features 15 bedrooms, 3 living rooms, laundry room, 3 full and 2 half baths, new heating unit and parking for 4 cars.
Uncover a remarkable investment potential in Newark! This BRAND NEW MODERN PROPERTY is a mixed-use property features TWO 3-bedrooms with two bathrooms units and 1 adaptable commercial space. Nestled in a prime location. It presents an ideal blend of residential and commercial income possibilities. Whether you're a seasoned investor aiming to diversify or a newcomer seeking a stable investment, this property offers an alluring opportunity for growth. Enhanced by its proximity to urban amenities, transportation, and a vibrant community, seize the chance to optimize returns and broaden your investment portfolio in this thriving area. IT QUALIFIES FOR TAX ABATEMENT
Great investment Large four family.
The median home value in Newark, NJ is $385,700. This is lower than the county median home value of $498,800. The national median home value is $338,100. The average price of homes sold in Newark, NJ is $385,700. Approximately 21.1% of Newark homes are owned, compared to 69.8% rented, while 9.11% are vacant. Newark real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Newark real estate agent to arrange a tour today!
Newark, New Jersey 07108 has a population of 306,247. Newark 07108 is less family-centric than the surrounding county with 21.55% of the households containing married families with children. The county average for households married with children is 30.18%.
The median household income in Newark, New Jersey 07108 is $41,335. The median household income for the surrounding county is $67,826 compared to the national median of $69,021. The median age of people living in Newark 07108 is 34.7 years.
The average high temperature in July is 86 degrees, with an average low temperature in January of 22.7 degrees. The average rainfall is approximately 47.5 inches per year, with 26.1 inches of snow per year.