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About This Home
This 0-bedroom, 0-bathroom commercial at 454 Springfield Ave in Newark City, NJ is listed for $859,000 ($288 per sqft). Built in 1940, the home offers 2,980 sqft of living space on a 0.07 acres lot.
Take advantage of an opportunity to diversity your portfolio owning an income producing commercial property in a highly visible location, prime redevelopment section of Newark, diagonally across from Home Depot.Includes Two storefronts (specifically a renovated barbershop paying $2,321.72 per month (annual 5% rate increase); a convenient store payi
ng $2,600 per month)(annual increase of $1200); one upstairs office space (paying $1,906.17 per month)(annual 3% increase); and a maintenance free billboard ($1500 per month) (assumes responsibility for roof repairs). Cap rate will continually increase each year. *Sold As Is. City and State documents/ inspections are buyer's responsibility
Key Features
- Built in 1940
- 0.07 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$4,594/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
454 Springfield Ave
Newark City, NJ 07103-2023
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 454 Springfield Ave is listed at $859,000 ($288/sqft). The estimated monthly payment is $3,722 based on 20% down at 6.5% interest.
Key features include: Built in 1940, 0.07 acre lot, 2 stories.
This property is listed by KEVIN JONES and can be reached at 7327379013 or lamptey@exodusrepm.com.
