383 Avon Ave Newark, NJ $ 899,900
383 Avon Ave
$ 899,900
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383 Avon Ave

Newark, NJ, 07108
$ 899,900
Baths0.6 Sq 4,000

Monthly Estimate*

$ 5,981

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Studio

Commercial Property for sale in Newark, NJ

for $899,900 with 6 half baths. This 4,000 square foot building was built in 1945 on a lot size of 0.11.

THIS BEAUTIFUL BRICK BUILDING IS A LEGAL 6 UNIT PROPERTY PER CITY OF NEWARK. DEPARTMENT OF COMMUNITY AFFAIRS HAS IT AS AN 8 UNIT PROPERTY. PROPERTY NEEDS TOTAL REHAB AND THERE 1S GREAT POTENTIAL FOR INVESTMENT RETURN. SOME RENOVATION HAVE BEEN STARTED AND NOT COMPLETED WITH MANY UNITS BEING RENOVATED AND ADDED. THIS IS A MUST SEE WITH ITS OLD WORLD CHARM AND STYLE.

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Commercial Pending

Price

$ 899,900

Bedrooms

Studio

Half Bath

6

Property Type

Commercial

Taxes

$ 15,422

Style

Apartment Complex

Lot Size

0.11

Year Built

1945

Town/City

Newark

County/Region

Essex

MLS | Web ID

3897184

Features
General
Sewer Public Sewer
Construction Brick/Block
Heating Heat Pump
Cooling No Cool
Utilities Electric Gas-Natural
Possession POT
Roof Flat
Zoning 6 UNIT
Year Built 1945
Township Newark City
Property Type Apartment Complex Apartment Complex
Tax Year 2023
Percent Ownership Fee Simple
Location Residential Area
County Essex
Status Under Contract
Directions 18TH AVE TO SOUTH 12TH STREET TO AVON AVE
Total Units 6
Street Name Avon Ave
Tax Annual Amount 15422
Drive 1 Car Width Hard Surface
Leasable Area 0
Days on Market 31
Standard Status Under Contract
Tax Assessed Value 485000
Town # 1614
Tax Lot 24
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Interior
Basement Full Unfinished
Fuel Type Gas-Natural
Total Stories 3
Half Baths 6
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Exterior
Lot Features Level Lot
Water Source Public Water
Exterior Description Brick/Block
Building Area Total 4000
Lot Dimensions 50X100
Lot Size Acres 0.11
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* Excluded Features
List By
RALPH BARONE

Listing Agent

Nj Reo Asset Management & Realty,

Broker

ralphb@newjerseyreo.com

Email

Affordability Calculator

$7,266
Per Month
82%
18%
0%
Monthly Principal & Interest
$5,981
Monthly Property Taxes
$1,285
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/15/2024$899,900 -25.01% Price Down
4/19/2024$1,200,000 Listed Price

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383 Avon Ave, Newark, NJ, 07108 is a Commercial Property for sale at $899,900 with 4,000 sqft and a lot size of 0.11. 383 Avon Ave is a studio with 0.6 baths and was built in 1945. The property's zip code is 07108 which is in Newark, NJ