357 Avon Avenue
$625,000
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4
3
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Description
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,...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 rented for $2,000. 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.
- Listed by ALEX MONACO • RE/MAX INSTYLE
Property Details for 357 Avon Avenue
Directions
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Days On Market50
LISTING UPDATED: 11/04/2024 09:20 AM
Property Details for 357 Avon Avenue
Status | Active |
---|---|
MLS # | 3924763 |
Days on Market | 69 |
Taxes | $7,232 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Fourplex |
MLS Type | Multi Family / Fourplex |
Year Built | 1900 |
Lot Size | 0.06 AC / 2,613 SF |
County | Essex County |
Building Information for 357 Avon Avenue
Stories-Residences4Year Built1900Building Size-Lot Size0.06 AC / 2,613 SF
Property Information for 357 Avon Avenue
Property History for 357 Avon Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 357 Avon Avenue
Taxable ValueLand$56,100Additions$162,200Total$218,300
Tax Record2023$7,232 ($603 / month)
Home Facts
Total Finished SqFt875 SqFtAbove Grade Finished SqFt875 SqFtStories2Lot Size2,775 SqFtStyleMiscellaneous CommercialCountyESSEXAPN14 02630-0000-00037
Schools near 357 Avon Avenue
This home is within The Newark Public School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | PK to 8 | |||
Public - | PK to 8 | |||
Public - | PK to 8 |
Rating | School | Distance |
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Hawthorne Avenue Elementary School PublicPK to 8 | ||
Belmont-Runyon Elementary School PublicPK to 8 | ||
Louise A. Spencer Elementary School PublicPK to 8 | ||
South Seventeenth Street Elementary School PublicPK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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