29
See all 29 photos
$865,000
Est. payment /mo
7 Beds
4 Baths
3,049 Sqft Lot
New
564 Broadway Newark City, NJ 07104
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Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3986683
Style See Remarks
Bedrooms 7
Full Baths 4
Year Built 1920
Annual Tax Amount $6,514
Tax Year 2024
Lot Size 3,049 Sqft
Property Description
GREAT INVESTMENT OPPORTUNITY!! WELL MAINTAINED/ GOOD CONDITION FOUR FAMILY LOCATED IN THE CENTER OF NORTH NEWARK. Fully occupied and generating $5,575/month in rental income. Low property taxes make this an excellent investment opportunity. Units feature hardwood floors, high ceilings, a Huge living room/dining room, and are in good condition. Owner pays heat for Units 2,3, and 4 (avg. $200/month). Unit 1 has central A/C installed less than 5 years ago. Annual insurance $4,300. Strong cash flow with stable tenants in place. Convenient North Ward location near schools, shops, and transportation.
Location
State NJ
County Essex
Rooms
Basement Finished
Interior
Heating Gas-Natural
Cooling 1 Unit, Central Air, Wall A/C Unit(s), Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Utilities Available See Remarks
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style See Remarks
Others
Senior Community No
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