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237 Adams St

Newark City, NJ 07105
  • $1,494,900
  • STATUS: Active
  • ON SITE: 54 Days
  • MLS #: 3820051
UPDATED: 188 min ago
$1,494,900
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,400
    SQFT
  • $277
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1955
County:
Area:

School Ratings & Info

Description

LOCATION,LOCATION, LOCATION !!!!First time on the market since 2006. Across the street from Independence Park, this 4 unit building is a corner property; 95% brick and in excellent condition.Located in the heart of the Ironbound, this property comes with approx. 5400 S.F..The commercialspace is presently used as a real estate office but is set-up as 2 units, front and rear & comes with 2 separate electric and gas meters with two air conditioning & heating units.The 1st floor apartment features 4.5 rooms, 2 bedrooms, 1 bath & laundry.2nd & 3rd floor unit features 7 rooms, the kitchen has granite countertops and backsplash, and a living and diningroom. It has 4 bedrooms, 2 baths & a laundry on the top floor which includes a large outside deck.All tenants are up-to-date on rents and all leases are currently month-to-month. Possible owner finance to qualified buyers with 30% down payment.HURRY HURRY THIS PROPERTY WILL NOT LAST !!

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Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Christie's International Real Estate Group. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Group are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-01-26T23:46:15.66.
www.srrealestategroup.com/homes/135209698
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237 Adams St Newark City, NJ 07105

  • Price: $1,494,900
  • Status: Active
  • On Site: 54 Days
  • Updated: 188 min ago
  • MLS #: 3820051
0
Beds
0
Baths
0
½ Baths
0.07
Acres
5,400
SQFT
$277
$/SQFT
1955
Built
Neighborhood:
Ironbound
County:
Essex
Area:
Newark City
Property Description
LOCATION,LOCATION, LOCATION !!!!First time on the market since 2006. Across the street from Independence Park, this 4 unit building is a corner property; 95% brick and in excellent condition.Located in the heart of the Ironbound, this property comes with approx. 5400 S.F..The commercialspace is presently used as a real estate office but is set-up as 2 units, front and rear & comes with 2 separate electric and gas meters with two air conditioning & heating units.The 1st floor apartment features 4.5 rooms, 2 bedrooms, 1 bath & laundry.2nd & 3rd floor unit features 7 rooms, the kitchen has granite countertops and backsplash, and a living and diningroom. It has 4 bedrooms, 2 baths & a laundry on the top floor which includes a large outside deck.All tenants are up-to-date on rents and all leases are currently month-to-month. Possible owner finance to qualified buyers with 30% down payment.HURRY HURRY THIS PROPERTY WILL NOT LAST !!
Exterior Features

Approximate Lot Size 29X100 Available Parking Spaces 0 Construction Brick/Block Exterior Description Vinyl Siding Location CornerSee Remarks Lot Description Level Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description 1 Car WidthOn-Street Parking Roof Description Asphalt ShingleRubberized

Interior Features

Basement No Cooling 4+ UnitsCentral Air Equipment Available Smoke Detector Floors TileWood Heating 4+ UnitsForced Hot Air Max Ceiling Height 8 Max Door Height 7 Number Of Doors 1 Number Of Lavatories 4 Office Sq Ft 2600

Property Features

Available See Remarks Building Number 237 Expenses Include InsuranceSnow RemovalTaxesWater/Sewer For Sale Or Lease For Sale Free Rent See Remarks Fuel Type Gas-Natural Gross Operating Income 114420 Net Operating Income 94787 Permitted Use Offices And Apartments Primary Property Type Store With Apartment Property Type Store With Apartment Sale Includes Building & Land Sewer Public Sewer Suite Number 237 Tax Amount 13076 Tax Rate Amount 3.734 Tax Rate Year 2021 Tax Year 2021 Total Operating Expense 19633 Utilities ElectricGas-Natural Utilities Paid By Tenant Water Public Water Year Built Description ApproximateRenovated Zoning Mix Use

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Weichert Realtors New Group: 973-741-3000.


Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Christie's International Real Estate Group. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Group are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-01-26T23:46:15.66.
 
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Christie's International Real Estate Group
47 Maple Street
Summit NJ, 07901