504 Springfield Ave , Newark City, New Jersey 07103-2021

  • $649,999

Description

Mixed-Use Building: ?Taxes 10,713 Lot 24×105 offers both commercial and residential income opportunities. The first floor retail unit previously occupied by a pharmacy?, making it an excellent opportunity for a variety of potential businesses. The ?2?nd and 3rd floors each include large, residential apartments ?with 4 bedrooms ?& 1 bathroom. (Note: one bedroom does not include a closet.) These units offer high ceilings, generous layouts, ?& both front and rear stair access. Separate utilities?, Unfinished basement offering storage?. Building upgrades completed in 2006, including updated electrical systems and central air. The property is being sold as-is, presenting a fantastic opportunity for an investor or owner-occupant to add value and maximize income. ?Store Rent Potential $2,500 – $3,000 – Apartments Income with Section 8 – 4 Bedroom Income is $3,371. 3 Bedroom, $2,964 (Potential Annual Income $100,000 -$110,000(+/-) – Total 4,700 sq ft (+/-) Basement is 1,229 sq ft Retail Floor is 1,099 Sq ft – 2nd Floor Unit is 1,184sqft, 3rd Floor Unit is 1,184 sq ft (SQ FT Measurement calculated by the Matterport System and should be approx.

  • City: Newark City
  • State/county: Essex

Details

Updated on December 26, 2025 at 1:12 pm
  • Property ID HZ4000508
  • Price $649,999
  • Property Status Active

Features

Mortgage Calculator

Schedule a Tour

Your information

Contact Information

View Listings
Queens Realty New Jersey

Enquire About This Property

Similar Listings

Compare listings

Compare