304 S Orange Ave, Newark City, NJ, 07103

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$990,000
5 Days On Site

304 S Orange Ave
Newark City, NJ 07103

For Sale|Mixed Use|Active
0
Beds
0
Total Baths
3,484
SqFt
$284
/SqFt
1920
Built
County:
Essex

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304 S Orange Ave304 S Orange Ave304 S Orange Ave304 S Orange Ave
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Rare mixed-use investment opportunity on high-traffic S Orange Avenue in Newark's established West Side corridor.This well-maintained brick building offers two street-level commercial spaces plus four residential units ideal for anowner-user or pure income investor. Kitchens and baths updated within the last 10 years. Additional storage inbasement and private paved backyard. Separate utilities. Gross monthly income of $10,700. Priced at a compelling8.0% cap rate one of the strongest going-in yields available in Essex County today. Minutes to downtown Newark,NJ Transit, and major highways. REO (bank-owned) property. Seller is in the process of securing access to all units. All offers accepted subject tofull physical inspection contingency, to be scheduled once interior access is obtained. Buyer's due diligenceperiod commences upon written confirmation of unit access. Property sold strictly AS-IS. Seller will make norepairs. All income figures must be independently verified by Buyer. Proof of funds or pre-qualification requiredprior to showing. Do not disturb tenants.

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Listing Snapshot
Price 
$990,000
Days On Site 
5 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,484 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.08 Acres
Year Built 
1920
MLS® Number 
4043437
Status 
Active
Property Tax 
$11,125
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
5 days agoPrice changed to $990,000
5 days agoListing updated with changes from the MLS®
6 days agoListing first seen on site
General Features
Acres 
0.08
Parking 
On Street
Property Sub Type 
Mixed Use
Sewer 
Public Sewer
SqFt Total 
3484
Utilities 
Natural Gas Available
Water Source 
Public
Zoning 
Mixed-Use
Interior Features
Cooling 
Window Unit(s)
Heating 
Natural Gas
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Exterior Features
Construction Details 
Brick
Lot Features 
Corner Lot
Listing courtesy of KELLER WILLIAMS - NJ METRO GROUP

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Neighborhood & Commute
Source: Walkscore
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