Newark City, NJ 07104,67 Broadway
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Newark City, NJ 07104,67 Broadway
Newark City, NJ 07104,67 Broadway
Newark City, NJ 07104,67 Broadway
Newark City, NJ 07104,67 Broadway
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67 Broadway Newark City, NJ 07104

1,742 Sqft Lot


UPDATED:

11/13/2024 10:27 PM

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 3934175

Year Built 1920

Annual Tax Amount $9,586

Tax Year 2023

Lot Size 1,742 Sqft

Property Description

Discover a highly desirable mixed-use property just five blocks from the heart of downtown, offering excellent rental income at 7.25% CAP Rate and long-term leases. This property is ideal for investors looking for a steady revenue stream with growth potential!Commercial Space (1st Floor): Spacious commercial area with a basement, currently leased for $2,570 per month with a secure 10-year lease and a 3% annual rent increase. This setup ensures reliable income with a growth trajectory for years to come.Residential Units:2nd Floor: Fully renovated 4-bedroom, 1-bathroom apartment with a lease in place. Enjoy $2,550 in monthly rent for this renovated unit, offering a comfortable living space for tenants.3rd Floor: 3 bedrooms, 1-bathroom unit renting at $2,000 per month.Additional Highlights:No on-site parking, but conveniently located just a short five-block walk to downtown.

Location

State NJ

County Essex

Zoning no

Rooms

Basement Finished-Partially, Full

Interior

Heating Gas-Natural

Cooling 3 Units

Equipment See Remarks

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Utilities Available See Remarks

Roof Type Asphalt Shingle

Building

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple


Garden State MLS(GSMLS)
Listed by CHRISTIE'S INT. REAL ESTATE GROUP

Triolo Realty Group Inc.

Broker

+1(718) 844-5414

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67 Broadway