Homes for sale - 570 Mount Prospect Ave, Newark City, NJ 07104

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Shirley Colon-Crocitto

oneteamrog@gmail.com +1(732) 947-2083

$ 599,900

Est. payment | -/mo

8 Beds

5 Baths

0.27 Acres Lot

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$ 599,900

Est. payment | -/mo

Save

8 Beds

5 Baths

0.27 Acres Lot

Key Details

Property Type Multi-Family, Commercial

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID 3988838

Style 3-Three Story

Bedrooms 8

Full Baths 5

Year Built 1920

Annual Tax Amount $12,983

Tax Year 2024

Lot Size 0.270 Acres

Property Description

Investor Opportunity " 4-Family in Newark Located in the City of Newark, this legal 4-family property is positioned on a busy street surrounded by a mix of residential homes and professional office spaces, making it an excellent candidate for redevelopment or value-add investment. With a total of 23 rooms, 8 bedrooms, multiple bathrooms, and a detached 2-car garage, this property offers significant scale and potential. While the property is in need of renovations, it presents a unique opportunity for investors seeking to reposition a multi-family in a high-demand market. The large footprint and flexible layout provide options for reconfiguration, modernization, or conversion to meet today's rental and mixed-use demand. With strong rental demand in Newark and the growing trend of mixed-use conversions in the area, this property offers excellent upside potential for the right buyer. This is your chance to acquire a value-add project in a prime location ideal for seasoned investors or developers looking to maximize return on investment.

Location

State NJ

County Essex

Rooms

Basement Full

Interior

Interior Features See Remarks

Heating Gas-Natural, See Remarks

Cooling None, SeeRem

Heat Source Gas-Natural, See Remarks

Exterior

Exterior Feature See Remarks, Stucco

Parking Features Detached Garage

Garage Spaces 2.0

Utilities Available Electric, Gas-Natural

Roof Type See Remarks

Building

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Others

Senior Community No

Listed by CENTURY 21 ALLIANCE REALTY

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(732) 947-2083

oneteamrog@gmail.com

2 Bridge Ave, Bank, NJ, 07701, United States

570 Mount Prospect Ave Newark City, NJ 07104