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$675,000 USD
570 Mount Prospect Ave
Newark City, New Jersey 07104-1530
USA
Newark City, New Jersey 07104-1530
USA
8 bedrooms
5 full baths, 2 half baths
Residential For Sale, Single Family Detached
Land size: 0.109 ha ::
0.27 acres
Sale price per sqm: 0
Tax: 12,983 USD
Remarks:
**Investor Opportunity** 1-Family in R2 Zoning, 1 to 3 family. This legal 1-family property is positioned on a busy street surrounded by a mix of residential homes and professional office spaces, excellent candidate for redevelopment or value-add investment. Single family, two floor with a grand staircase, 3 Bedroom, 3 full and 2 half baths, detached 2 car garage and TWO 1 bedroom apartments with separate entrances. Located in the Forest Hill neighborhood close to Branch Brook Park.With a total of 23 rooms, including 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 potential upside 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.
Features:
- Rooms: 23
- Kitchen
- Dining Room
- Dining Room
- Kitchen
- Year Built: 1920
- Style: Colonial
- Exterior Description: Stucco
- Property Features: Fireplace, Basement
- Number of parking spaces: 3
Location:
570 Mount Prospect Ave, Newark City, New Jersey 07104-1530, USA
Listed By CENTURY 21 Alliance Realty
The Residential For Sale, Single Family Detached located at 570 Mount Prospect Ave, Newark City, New Jersey 07104-1530, USA is currently for sale. 570 Mount Prospect Ave, Newark City, New Jersey 07104-1530, USA is listed for $675,000 USD. This property has 8 bedrooms, 5 full baths, 2 half baths. If the property located at 570 Mount Prospect Ave, Newark City, New Jersey 07104-1530, USA isn't what you're looking for, search New Jersey Real Estate to see other Homes For Sale in Newark City.
