587 S Orange Ave, Newark City, NJ 07106

$549,000
List Price
$549,000
Days on Market
1
Status
COMING SOON
MLS#
4052304
Lot Size (Acres)
0.06
Year Built
1900
County
Essex

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.

Additional Information

Heating
2 Units, Forced Hot Air, See Remarks
Cooling
Central Air
Roof
Flat
Utilities
Gas In Street
Water
Public Water
Sewer
Public Sewer

Mortgage Calculator

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Calculator source: Real Geeks

Listing Courtesy Of EPIQUE REALTY, Contact: 973-204-2626