587 S Orange Ave, Newark City, NJ 07106
- $549,000
- List Price
- $549,000
- MLS#
- 4052304
- Year Built
- 1900
- Status
- COMING SOON
- County
- Essex
- City
- Newark City
- Acres
- 0.06
Property Description
Excellent mixed-use investment opportunity on busy South Orange Avenue! This income-producing property features a commercial space on the first floor with an established tenant and lease in place. The second floor offers a renovated two-bedroom apartment, providing an additional source of rental income. A full unfinished basement provides additional storage. Renovated in 2021 and situated in Newark's C-2 Community Commercial and Residential Zone, the property offers strong visibility and convenient access to major highways, public transportation, shopping and neighborhood amenities. A great opportunity to add a versatile mixed-use property to your investment portfolio. Buyer responsible for verifying permitted uses and property information with the City of Newark.
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Additional Information
- Taxes
- $12,996
- Cooling
- Central Air
- Exterior
- Brick/Block
- Heating
- 2 Units, Forced Hot Air, See Remarks
- Roof
- Flat
- Sewer
- Public Sewer
- Water
- Public Water
- Basement
- Yes
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Listing Courtesy Of EPIQUE REALTY, Contact: 973-204-2626
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