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525 Central Avenue
Newark NJ 07107 US

$2,300,000

Active Listing ID 22106736
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Lot: 0.11 acre
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Other

$2,300,000

Active Listing ID 22106736
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525 Central Avenue Great investment opportunity! Mixed Use Property with 7 units - 4 residential, 3 commercial. Current NOI 136.5k with an upside to 172k. Commercial unit is leased to a daycare that just started a 7 year lease with option to continue. Residential Units are currently rented 25% under market rates and in good condition but with some capex new owner will be able to get premium rent. This property is a cash money maker with little maintenance. Tremendous upside 'by right' you can build approx. 10 more units on the property. Buyer must due his due diligence.

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Property Features

  • Facts
  • Lot Size: 0.11 acre
  • Property Type: MultiFamily
  • Property Sub-type: Other
  • Features
  • Roof Type: Unknown
  • Heating Fuels: Natural Gas
  • Heating Systems: Other
Listing Changed: 9/22/2021 9:06:52 PM GMT
Source Updated Date: 11/30/2021 6:30:06 AM GMT

Courtesy of: Shalom Ohayon, Blue Key Realty, LLC

Listing Source - ListHub

Copyright © 2021 Monmouth Ocean Regional Realtors and Monmouth Ocean Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.