1018 South Orange Ave Newark, NJ 07106
Newly built, fully leased mixed-use building with retail and apartments.
Source: K Realty Group LLC
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Modern Mixed-Use Building For Sale
This newly built mixed-use building, only one year old, presents a fantastic investment opportunity. The property is 100% leased and offers stable income with strong rental upside. It features three ground-floor retail stores and two spacious 3-bedroom apartments. Each unit is equipped with its own washer and dryer and has separate utility meters. Central air conditioning and heating are installed throughout the building. The property is fully sprinklered for safety compliance. This turnkey investment offers reliable tenants and no deferred maintenance, making it ideal for investors seeking steady cash flow and low operating expenses. The property also benefits from low property taxes.
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.2304703
- Latitude
- 40.7462701
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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 Ave 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: Enjoy immediate and stable rental income.; - Newly Built (1 Year Old): Modern construction minimizes maintenance.; - Mixed-Use Building: Diversify income with retail and residential units.