1018 South Orange St Newark, NJ 07106
Newly built, fully leased mixed-use building with retail and apartments.
Property Features for 1018 South Orange St
General Information
- Standard status
- Active
Source:
Corcoran
Listing Agent: Jihyeon Seong
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Modern Mixed-Use Investment Opportunity
This newly built mixed-use building, only one year old, presents a fully leased investment opportunity. The property features three ground-floor retail stores and two spacious three-bedroom apartments. Each apartment includes its own washer and dryer. The building is equipped with separate utility meters for each unit, central air conditioning, and heating throughout. Safety compliance is ensured with a full sprinkler system. The property offers high rental income and low property taxes, making it an ideal turnkey investment with reliable tenants and minimal deferred maintenance, suitable for investors seeking steady cash flow and low operating expenses.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1975916
- Latitude
- 40.7556775
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FAQs
What type of property is this?
Mixed-use property - Newly built, fully leased mixed-use building with retail and apartments.
Where is this mixed-use property located?
The property is located at 1018 South Orange St Newark, NJ.
What is the asking price?
The asking price for this property is $2,790,000.
What are key features of this property?
This property features: - 100% Leased Mixed-Use Building: Provides immediate and stable rental income.; - Newly Built (1 Year Old): Minimizes maintenance and ensures modern construction.; - Low Property Taxes: Reduces operating expenses and increases profitability.