418-422 South Orange Avenue, Newark, New Jersey 07103

New Jersey, Newark, New Jersey 07103

$499,999  

Listing ID Number

19411

Property Description

This property is a 22,000 sqft, 38 unit, vacant multifamily building in the West Side neighborhood of Newark. The property has been vacant for approximately 2 yrs and is in need of a complete renovation.

The City of Newark owns adjoining lots totaling approx 3/4 acre. the city will work with the purchaser of this property to redevelop the adjoining city owned land.

Overview

Building Type:Apartment Buildings, Commercial Buildings, Development/Conversion Sites
Location:South Orange Avenue between South 14th Street and Ashland Street directly across the street from West Side highschool
Block/Lot:317/5
Lot Dimensions: 71' x 100'
Stories:4 + basement
Units:38 studio and 1 bedrooms
Taxes:$20,272
Building Sq Ft:22,000

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Geoffrey Bailey
First Vice President of Sales
(201) 426-2200 x 2211
gbailey@masseyknakal.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.