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(973) 809-0800
Real Estate Company
815 Mount Prospect Ave, Newark City, NJ 07104
- $550,000
- 6
- BD
- 3
- BA
- List Price
- $550,000
- MLS#
- 4063280
- Year Built
- 1895
- Status
- ACTIVE
- County
- Essex
- City
- Newark City
- Subdivision
- North Newark
- Bedrooms
- 6
- Bathrooms
- 3
- Baths Full
- 3
- Acres
- 0.06
Property Description
Excellent investment opportunity in Newark?s North Ward/Forest Hill area. This fully occupied two-family property generates $4,100 in monthly rental income ($49,200 annually). The first-floor unit, including use of the registered finished basement, rents for $2,450 per month, while the second-floor unit rents for $1,650 per month. The registered basement features three multipurpose rooms, a full bathroom, and a walk-out entrance. Ideally located along the Mt. Prospect Avenue corridor, offering convenient access to Branch Brook Park, shopping, dining, public transportation, major highways, and Downtown Newark. An attractive opportunity to acquire an established income-producing multifamily property in a convenient North Ward location.
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Additional Information
- Taxes
- $4,374
- Cooling
- Window A/C(s)
- Exterior
- Vinyl Siding
- Garage Description
- On-Street Parking
- Heating
- 2 Units, Baseboard - Hotwater
- Interior
- Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
- Roof
- Rubberized
- Elementary School
- HERNANDEZ
- Middle School
- RIDGE ST
- High School
- BARRINGER
- Sewer
- Public Sewer
- Water
- Public Water
- Basement
- Yes
- Lot Description
- Level Lot
- Exterior Features
- Sidewalk
- Garage Description
- On-Street Parking
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Listing Courtesy Of HOWARD HANNA RAND REALTY, Contact: 973-740-1881
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