5
See all 5 photos
$1,400,000
Est. payment /mo
4,000 SqFt
New
642 Mount Prospect Ave Newark City, NJ 07104
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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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