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+19737380390
The Mountaintop Group
948 S Orange Ave, Newark City, NJ 07106
- $899,000
- List Price
- $899,000
- Days on Market
- 5
- Status
- ACTIVE
- MLS#
- 4056861
- Lot Size (Acres)
- 0.03
- Year Built
- 1930
Property Description
An outstanding investment opportunity awaits with this prime five-unit mixed-use property, offering strong, diversified revenue streams and high cash-flow potential. The building features three prominent ground-floor retail spaces alongside two spacious upper-level residential apartments, each offering a desirable two-bedroom, one-bathroom layout that easily attracts reliable, long-term tenants. With the commercial tenants responsible for paying all of their own utilities, operating overhead remains exceptionally low, allowing investors to maximize net operating income from day one. Whether you are expanding an established commercial portfolio or looking for a high-performing multi-family asset, this income producer delivers the ideal blend of tenant stability, utility-split efficiency, and long-term financial growth.
Additional Information
- Area
- Newark City
- Basement Desc
- Full, Unfinished
- Utilities
- Electric
- Taxes
- $10,597
- Exterior
- Vinyl Siding
- Lot Size
- 0
- Water
- Public Water
- Basement
- Yes
- Cooling
- Window A/C(s)
- Roof
- Flat
- Show Address
- Yes
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Listing Courtesy Of MENZA REALTY, Contact: 973-926-2400
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