AMAZING OPPORTUNITY TO OWN A 6 UNIT BUILDING IN A GREAT AREA OF NEWARK WITHIN WALKING DISTANCE TO STORES, TRANSPORTATION AND MORE. BUILDING CONSISTS OF A TRAVEL AGENCY, GROCERY STORE AND A RESTAURANT. THE UPSTAIRS CONSISTS OF 3 APARTMENTS WITH 3 BEDROOMS AND 1 BATH EACH. ALL UNITS ARE RENTED WITH THE EXCEPTION OF ONE WHICH HAS BEEN COMPLETELY RENOVATED AND IS IN MOVE IN CONDITION. ALONG WITH THE UNITS, THERE ARE 10 PARKING SPOTS IN A PAVED AREA BEHIND THE BUILDING, ALL OF WHICH CAN BE RENTED FOR ADDITIONAL INCOME. BEING SOLD AS IS. CASH WITH VERIFIABLE FUNDS NECESSARY WITH ALL OFFERS.
Under contract
$1,250,000
251 Broadway UNIT 0, Newark City, NJ 07104
--beds
6baths
--sqft
Est.:
Apartment
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Move in condition
- 67 days
- on Zillow |
- 44 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: April 24, 2025 at 05:56am
Listed by:
Ralph Barone 973-429-0990,
Nj Reo Asset Management & Realty,
Source: GSMLS,MLS#: 3948309

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 6
Heating
- See Remarks, Natural Gas
Cooling
- See Remarks
Features
- Doors: Max Door Height: 0
- Basement: Yes,Bilco-Style Door,Full
Interior area
- Total structure area: 7,700
Property
Parking
- Total spaces: 10
- Parking features: Parking Lot-Exclusive, See Remarks
- Garage spaces: 10
Features
- Stories: 2
Lot
- Size: 7,405.2 Square Feet
- Dimensions: 65 x 117
- Features: Residential Area, See Remarks
Details
- Parcel number: 1614005640000000310000
- Zoning description: RES/COMM
- Other equipment: See Remarks
Construction
Type & style
- Home type: Apartment
- Property subtype: Apartment
- Attached to another structure: Yes
Materials
- Brick/Block, See Remarks
- Roof: Flat
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & HOA
Location
- Region: Newark
Financial & listing details
- Tax assessed value: $446,500
- Annual tax amount: $16,980
- Date on market: 2/28/2025
- Inclusions: Building Only, See Remarks
- Ownership type: Fee Simple
- Tenant pays: All Utilities
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