Newark City, NJ 07104,642 Mount Prospect Ave
Newark City, NJ 07104,642 Mount Prospect Ave
Newark City, NJ 07104,642 Mount Prospect Ave
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$1,400,000
Est. payment /mo
4,000 SqFt
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Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,000 sqft

Price per Sqft $350

MLS Listing ID 3952857

Annual Tax Amount $10,648

Tax Year 2024

Lot Size 4,791 Sqft

Property Sub-Type Mixed Use

Property Description

Attention Investors! Prime Investment Opportunity in North Newark! Discover this outstanding property featuring two commercial units alongside four fully occupied apartments. A fantastic chance to enjoy consistent returns in a bustling, high-demand location. With separate utilities and ample street parking, this gem sits perfectly in the heart of a thriving Business District. Owners enjoy the added benefits of the Mt. Prospect Partnership, which ensures private street cleaning and security services. The property is strategically located amidst doctor offices, law firms, retail shops, restaurants, a medical building, and a pharmacy, offering ample potential for growth and return on investment. Don't miss out on this prime opportunity!

Location

State NJ

County Essex

Zoning BUSINESS

Rooms

Basement Unfinished

Interior

Heating Gas-Natural

Cooling No Cool

Flooring Laminate, Tile, Wood

Equipment Restrooms - Private, Restrooms - Public, Smoke Detector, Storage Area(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Brick/Block

Utilities Available Gas In Street

Roof Type Flat

Building

Story 2

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple


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Garden State MLS(GSMLS)
Listed by RE/MAX PROFESSIONALS I

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agent

Karen Wilkinson

+1(732) 599-1938

Agent | License ID: 0343436

Agent License ID: 0343436

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