357 Avon Ave
Newark City, NJ 07108-1309
- 6 beds
- 5.5 baths
- – sqft
- 2,614 sqft lot
- 1900 build
- – on site
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 rented for $2,000. 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.
Listing courtesy of GSMLS / ALEX MONACO, 609-303-3456 / RE/MAX INSTYLE
Last checked:
Checking…
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Last updated Nov 4, 2024
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MLS# 3924763 —
The Building
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Construction Date/Year Built:1900
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Unit Style:Fourplex, See Remarks
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Roof Description:See Remarks
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Exterior Description:Brick
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Basement:Yes
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Total # of Units:4
Interior
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Total # of Rooms:12
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Basement Description:Unfinished
Location
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Directions:Google Maps
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Latitude:40.72683
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Longitude:-74.20646
The Property
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Lot Identifier:37
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Approx Lot Size:36 Sqft
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Total Acres:0 Sqft
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Easements:No
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Assessment Land:56100
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Assess Amount Land Tax:*
Listing Agent
- Contact info:
- Agent phone:
- (609) 303-3456
- Office phone:
- (609) 303-3456
Taxes
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Tax ID For Property:1614-02630-0000-00037-0000-
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Tax Year:2023
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Tax Year:*
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Tax Rate:*
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Tax Rate Year:2023
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Tax Rate Amount:3.728
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Tax Amount:$7,232
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Tax Amount:$*
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Lot ID Tax:*
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Lot Size Tax:*
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Acres Tax:$*
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Block ID Tax:*
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City Tax:$*
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County Tax:$*
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Zip Code Tax:*
Beds
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# of Bedrooms:6
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Unit 1 Bedrooms:3
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Unit 2 Bedrooms:3
Baths
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Total # of Baths:4.30
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Total # of Full Baths:4
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Total # of Half Baths:3
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Unit 1 Baths:1.0
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Unit 2 Baths:1.0
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Unit 3 Baths:1.0
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Unit 4 Baths:1.0
Heating & Cooling
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Cooling:Central Air
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Heating:Baseboard - Hotwater, Forced Hot Air
Utilities
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Utilities:Gas-Natural
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Water:Public Water
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Fuel Type:Gas-Natural
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Sewer:Public Sewer
The Community
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Assessment Total:218300
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Assessment Total Tax:*
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Assessment Bldg:162200
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Assess Amount Building Tax:*
Parking
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Garage Description:None
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Parking/Driveway Description:None
Extra Units
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Unit 1 Levels:1
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Unit 2 Levels:1
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Unit 3 Levels:1
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Unit 4 Levels:4
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Unit 1 Rooms:5
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Unit 2 Rooms:5
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Unit 3 Rooms:1
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Unit 4 Rooms:1
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Unit 1 Handicap Modified:No
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Unit 2 Handicap Modified:No
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Unit 3 Handicap Modified:No
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Unit 4 Handicap Modified:No
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Unit 1 Room Description:Bedrooms, See Remarks
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Unit 2 Room Description:Bedrooms, See Remarks
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Unit 3 Room Description:Bedrooms, See Remarks
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Unit 4 Room Description:Bedrooms, See Remarks
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Unit 1 Appliances/Equipment:See Remarks
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Unit 2 Appliances/Equipment:See Remarks
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Unit 3 Appliances/Equipment:See Remarks
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Unit 4 Appliances/Equipment:See Remarks
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
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10/17/24
Oct 17, 2024
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Price Changed | GSMLS | $625,000 | -3.8% |
9/19/24
Sep 19, 2024
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Listed / Active | GSMLS | $650,000 | |
9/18/24
Sep 18, 2024
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Coming Soon | GSMLS | $650,000 | 49.4% (33.1% / YR) |