$625,000
For Sale

357 Avon Ave

Newark City, NJ 07108
6 beds | #3924763
Browse 57 photos
Type:Multi-Family
Structure:4 Family
Zone:Residential

Description

Prime 4-Unit Mixed-Use Property in Newark, NJ. High-Income Potential! This versatile mixed-use property offers incredible income opportunities in a highly desirable location. On the first level, there are two commercial spaces: one previously used as a hair salon and the other currently rented for $1,400/month.The second level features two newly renovated 3-bedroom apartments, both boasting fresh paint and new flooring. One unit is currently rented under market value to excellent tenants for $1,700/month, while the other is vacant and move-in ready. Both residential and commercial units have separate meters, providing ease of management. The property also includes new water heaters and a full unfinished basement, offering extra storage or expansion potential. With great tenants in place and an unbeatable location, this property is a smart investment with plenty of upside.

  • Interior Details
      • HeatingBaseboard - Hotwater, Forced Hot Air
      • Heating SourceGas-Natural
    • Beds & Baths
      • Bedrooms6
  • Property Details
      • Exterior MaterialsBrick
  • Construction Details
      • Property TypeMulti-Family
      • Basement DescriptionUnfinished
      • BasementYes
    • Condition
      • Year Built1900
    • Material information
      • RoofSee Remarks
  • Utilities / Energy Details
      • Sewer InformationPublic Sewer
      • WaterPublic Water
      • Utility FeaturesGas-Natural
  • Other
      • MLS #3924763

Location

Legal

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden
State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as
IDX Listing. Information deemed reliable but not guaranteed. The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

Copyright © 2023 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Last Updated: . Source: GSMLS

Listing Courtesy
Listing Agent: ALEX MONACO (#294663), Phone: (609) 303-3456
Listing Office: RE/MAX INSTYLE (#4646)

Nancy RodriguezReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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    The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. Copyright 2023, CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. All rights reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC retains all rights, title and interest in and to its trademarks, service marks and copyrighted material. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting.

    The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Nancy Rodriguez are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. 

    All information deemed reliable but not guaranteed. Last date updated: 01/09/2023

    2023 New Jersey Multiple Listing Service, Inc. All rights reserved.  

    The data relating to real estate for sale on this website comes in part from the IDX Program of Garden
    State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as
    IDX Listing. Information deemed reliable but not guaranteed. The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

    Copyright © 2023 Garden State Multiple Listing Service, L.L.C. All rights reserved.

    © Monmouth Ocean Regional MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

    IDX information for Hudson Multiple Listing Service is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

    IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.