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Randi Bennett & Tracy Warsaw

Keller Williams Prosperity Realty

[email protected] +1(973) 404-0563

$ 880,000

Est. payment -/mo

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67 Broadway Newark City, NJ 07104

7 Beds

2.5 Baths

2,997 SqFt

UPDATED:

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

Rooms

Basement Unfinished, Walkout

Interior

Interior Features Carbon Monoxide Detector, Smoke Detector, Tile Floors

Heating Gas-Natural

Cooling None

Heat Source Gas-Natural

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

Architectural Style 3-Three Story

Schools

Elementary Schools Franklin

Middle Schools Technology

High Schools Barringer

Others

Senior Community No

Listed by RE/MAX IN ACTION

Randi Bennett & Tracy Warsaw

Sales Agents

+1(973) 404-0563

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Montville, NJ

Randi Bennett & Tracy Warsaw

67 Broadway Newark City, NJ 07104

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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