67 Broadway, Newark, NJ 07104
67 Broadway, Newark, NJ 07104
67 Broadway, Newark, NJ 07104
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Listed by Maikol Puebla • Christie's International Real Estate Group-Hoboken • (201) 710-0598
$950,000
Est. payment /mo
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67 Broadway Newark, NJ 07104

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Isaac De Castro

Isaac De Castro

+1(646) 626-7901

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Res/Com Mixed

Listing Status Active

Purchase Type For Sale

MLS Listing ID 24036221

Style Res/Com Mixed

Annual Tax Amount $9,586

Property Sub-Type Res/Com Mixed

Property Description

Discover a highly desirable mixed-use property just five blocks from the heart of downtown, offering excellent rental income at 7.25% CAP Rate and long-term leases. This property is ideal for investors looking for a steady revenue stream with growth potential! Commercial Space (1st Floor): Spacious commercial area with a basement, currently leased for $2,570 per month with a secure 10-year lease and a 3% annual rent increase. This setup ensures reliable income with a growth trajectory for years to come. Residential Units: 2nd Floor: Fully renovated 4-bedroom, 1-bathroom apartment with a lease in place. Enjoy $2,550 in monthly rent for this renovated unit, offering a comfortable living space for tenants. 3rd Floor: 3 bedrooms, 1-bathroom unit renting at $2,000 per month. Additional Highlights: No on-site parking, but conveniently located just a short five-block walk to downtown.

Location

State NJ

County Essex

Area Newark

Exterior

Utilities Available Munincipal Water

Roof Type Asphalt

Building

Architectural Style Rtl/Apt

New Jersey (NJMLS Include SOLD)

NEARBY SCHOOL & BUSINESS

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Isaac De Castro

Isaac De Castro

Real Estate Advisor | 3561456; 1750974; 10401278264

+1(646) 626-7901

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