504 Springfield Ave , Newark City, Essex 07103-2021
- $649,999
- $649,999
Overview
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.
Address
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Address: 504 Springfield Ave
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City: Newark City
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State/county: Essex
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Zip/Postal Code: 07103-2021
Details
Updated on December 15, 2025 at 11:38 am-
Property ID HZ4000508
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Price $649,999
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Land Area 0.06 Acres
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Garage Size x x
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Year Built 1947
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Property Status Active
Additional details
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Roof Flat
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Utilities Electric, Gas-Natural
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Sewer Public Sewer
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Cooling 1 Unit, Central Air
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Heating 3 Units, Baseboard - Hotwater, Forced Hot Air
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Flooring Vinyl-Linoleum
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County Essex
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Property Type MixedUse
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