67 Broadway Active Save Request In-Person Tour Request Virtual Tour
Newark City,NJ 07104
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,997 sqft
Price per Sqft $293
MLS Listing ID 3953067
Style 3-Three Story
Bedrooms 7
Full Baths 2
Half Baths 1
Year Built 1900
Annual Tax Amount $12,983
Tax Year 2024
Lot Size 1,742 Sqft
Property Description
This mixed-use property features a fully rented commercial space on the 1st floor, generating $2,570/month with a 10-year lease and a 3% annual increase, ensuring long-term income stability. The spacious 4-bedroom, 1-bath apartment on the 2nd floor is currently vacant and listed for $2,700/month, offering immediate rental potential at market value. The 3rd-floor 3-bedroom, 1-bath unit is rented at $2,000/month, well below market value, providing a great opportunity for future rent increases.Recent updates include a new roof (1 year old) and upgraded electrical wiring. Located in a high-traffic area with excellent visibility, this property offers strong rental demand and significant upside potential.Perfect for owner-occupants, this multi-family property with commercial space offers a unique opportunity to live and collect rent. FHA financing available with just 3.5% down. Ideal for those looking to invest in their future while generating consistent rental income.Don't miss out on this rare opportunity schedule your showing today!
Location
State NJ
County Essex
Zoning Commercial
Interior
Heating Gas-Natural
Cooling None
Exterior
Exterior Feature Vinyl Siding
Parking Features On-Street Parking
Utilities Available Electric, Gas-Natural
Roof Type Flat
Building
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Franklin
Middle Schools Technology
High Schools Barringer