Newark City, NJ 07104 251 Broadway
$1,250,000
Pending
9 more
Presented By: NJ REO ASSET MANAGEMENT & REALTY,; 973-429-0990
- MLS# 3948309
- 02/28/2025
Disclaimer: The information contained in this listing has not been verified by MyHouseNJ.com and should be verified by the buyer.
Full/Half Baths • 0 / 6
Garage • 10
Home Details
AMAZING OPPORTUNITY TO OWN A 6 UNIT BUILDING IN A GREAT AREA OF NEWARK WITHIN WALKING DISTANCE TO STORES, TRANSPORTATION AND MORE. BUILDING CONSISTS OF A TRAVEL AGENCY, GROCERY STORE AND A RESTAURANT. THE UPSTAIRS CONSISTS OF 3 APARTMENTS WITH 3 BEDROOMS AND 1 BATH EACH. ALL UNITS ARE RENTED WITH THE EXCEPTION OF ONE WHICH HAS BEEN COMPLETELY RENOVATED AND IS IN MOVE IN CONDITION. ALONG WITH THE UNITS, THERE ARE 10 PARKING SPOTS IN A PAVED AREA BEHIND THE BUILDING, ALL OF WHICH CAN BE RENTED FOR ADDITIONAL INCOME. BEING SOLD AS IS. CASH WITH VERIFIABLE FUNDS NECESSARY WITH ALL OFFERS.
Presented By: NJ REO ASSET MANAGEMENT & REALTY,; 973-429-0990
Interior Features for 251 Broadway
Bathrooms
Num Units w/Full Bath3
Num Units w/Half Bath
Half Baths6
Other Interior Features
Price Per Sq Ft178.57
Available Sq Ft0
Num 3 Bdrm Units3
Num 2 Bdrm Units3
Num 1 Bdrm Units3
BasementBilco-Style Door, Full
Fuel TypeGas-Natural
Total Stories2
General for 251 Broadway
ConstructionBrick/Block, See Remarks
CoolingSee Remarks
CountyEssex
DirectionsPLEASE USE GOOGLE MAPS
Documents AvailableSee Remarks
DriveParking Lot-Exclusive, See Remarks
EasementUnknown
Equipment AvailableSee Remarks
Farm AssessmentNo
Garage Spaces10
Gross Income124000
HeatingSee Remarks
Leasable Area
LocationResidential Area, See Remarks
MaintenanceExpense
Net Operating Income99000
Num Apts3
Number Of Units Total6
Operating Expense35000
OwnershipFee Simple
Permitted UseCOMMERCIAL/RESIDENTIAL
PossessionAT CLOSING
Property TypeRestaurant, See Remarks, Store With Apartment
Property TypeStore With Apartment
RoofFlat
SewerPublic Sewer
Standard StatusUnder Contract
StatusUnder Contract
Tax Annual Amount16980
Tax Assessed Value446500
Tax Lot31
Tax Year2024
Town #1614
TownshipNewark City
UtilitiesGas-Natural
Utilities Paid ByTenant
Year Built9999
ZoningRES/COMM
Exterior for 251 Broadway
Building Area Total7700
Exterior DescriptionBrick/Block
Lot Dimensions65X117
Lot Size Acres0.17
Max Ceiling Height
Max Door Height0
Number of Bays0
Number of Docks0
Total Parking10
Water SourcePublic Water
Additional Details
Price History
