Newark City, NJ 07104 642 Mount Prospect Ave
$1,400,000
0 more
Presented By: RE/MAX PROFESSIONALS I; 973-450-4000
- MLS# 3952857
- 03/25/2025
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
SQFT • 4,000
Home Details
Attention Investors! Prime Investment Opportunity in North Newark! Discover this outstanding property featuring two commercial units alongside four fully occupied apartments. A fantastic chance to enjoy consistent returns in a bustling, high-demand location. With separate utilities and ample street parking, this gem sits perfectly in the heart of a thriving Business District. Owners enjoy the added benefits of the Mt. Prospect Partnership, which ensures private street cleaning and security services. The property is strategically located amidst doctor offices, law firms, retail shops, restaurants, a medical building, and a pharmacy, offering ample potential for growth and return on investment. Don't miss out on this prime opportunity!
Presented By: RE/MAX PROFESSIONALS I; 973-450-4000
Interior Features for 642 Mount Prospect Ave
Bathrooms
Num Units w/Full Bath4
Num Units w/Half Bath2
Half Baths6
Other Interior Features
Price Per Sq Ft0.00
Available Sq Ft4000
Num 2 Bdrm Units2
Num 1 Bdrm Units2
BasementUnfinished
FlooringLaminate, Tile, Wood
Fuel TypeGas-Natural
Total Stories2
General for 642 Mount Prospect Ave
ConstructionBrick/Block
CoolingNo Cool
CountyEssex
DirectionsBetween Elwood Ave ad Heller Pkwy
Documents AvailableIncome & Expenses
DriveNone
EasementNo
Equipment AvailableRestrooms - Private, Restrooms - Public, Smoke Detector, Storage Area(s)
Garage Spaces
Heating4+ Units, Radiators - Hot Water
Leasable Area1000
LocationBusiness District, Residential Area
Number Of Units Total6
OwnershipFee Simple
Possession30 days
Property TypeMixed Use
Property TypeMixedUse
RoofFlat
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount10648
Tax Assessed Value280000
Tax Lot21
Tax Year2024
Town #1614
TownshipNewark City
UtilitiesGas In Street
Utilities Paid ByTenant
Year Built9999
ZoningBUSINESS
Exterior for 642 Mount Prospect Ave
Building Area Total4000
Exterior DescriptionBrick/Block
Lot Dimensions37.6X129
Lot Size Acres0.11
Max Ceiling Height
Max Door Height0
Number of Bays0
Number of Docks0
Number of Doors0
Total Parking0
Water SourcePublic Water
Additional Details
Price History
