383 Mount Prospect Ave - Multi-Family FOR SALE


Newark, NJ 07104- North Broadway
$1,800,000 USD
908-230-5547
383 Mount Prospect Ave, Newark, NJ for Sale
$1,800,000 USD
Multi-Family - FOR SALE
1/20
null | 6.17% Cap Rate

383 Mount Prospect Ave
Newark, NJ 07104
North Broadway


HIGHLIGHTS

  • Public Transportation
  • NY City Views

OVERVIEW

383 Mt Prospect Ave, where classic charm meets modern convenience in this stunning 6-family residence. Boasting 10 spacious bedrooms, 7 bathrooms, and featuring 5 elegant fireplaces, this property offers unparalleled comfort and style. Situated just blocks away from Forest Hills and Branch Brook Park, residents enjoy easy access to lush greenery and serene surroundings. The location is a commuter's dream, with close proximity to public transportation, parks, and major highways, ensuring convenience and connectivity. One of the standout features of this home is its breathtaking views of New York City, providing a picturesque backdrop day and night. Ideal for investors and homeowners alike, this property is zoned for multi-family high rise, offering endless possibilities for expansion and development. Whether you're looking for a lucrative investment opportunity or a spacious property to live, the options are truly limitless. Don't miss your chance to own a piece of Newark's finest properties.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$306 USD /SF

# OF UNITS

6

PRICE/UNIT

$300,000

CAP RATE

6.17%

% LEASED

84%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North Newark

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

Multi Family Hi Ris

APN/PARCEL ID

14-00610-0000-00054

ASK ABOUT THIS PROPERTY

Carlos TurnerRE/MAX SelectMore Info
908-230-5547

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Carlos TurnerRE/MAX SelectMore Info
908-230-5547

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.