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1040 Bergen St
Newark, NJ 07112
Multifamily Property For Sale
·
3 Units
INVESTMENT HIGHLIGHTS
- Bank Owned Property
- 2nd Floor - apartment, 3rd floor apartment
- First Floor retail/office
EXECUTIVE SUMMARY
Prime Mixed-Use Investment Opportunity in Newark, NJ.
Discover the potential of this versatile mixed-use building, perfectly positioned in a rapidly developing South Ward. Featuring a ground-floor commercial space and two residential units above, this property offers a fantastic opportunity for investors, business owners, or those looking to add value through renovation.
Main Floor: Spacious commercial unit with street frontage—ideal for retail, office, or a boutique café.
Upper Levels: Two residential units, perfect for rental income or live-work flexibility.
Opportunity to Add Value: The property needs work, presenting the perfect chance for customization and increased equity.
Prime Location: Situated in a high-growth area with rising property values, new developments, and strong rental demand.
With the right vision and updates, this property can generate multiple streams of income and become a standout asset in your portfolio. Don’t miss this rare investment opportunity!
Contact us today to schedule a showing!
As-Is Condition
Seller makes no warranties regarding C/O, outstanding Violations, Occupants
No Contingencies
Open/Outstanding Real Estate Taxes and/or Water/Sewer liens to be paid by Seller at Closing
ANS Title required for Title Insurance
Discover the potential of this versatile mixed-use building, perfectly positioned in a rapidly developing South Ward. Featuring a ground-floor commercial space and two residential units above, this property offers a fantastic opportunity for investors, business owners, or those looking to add value through renovation.
Main Floor: Spacious commercial unit with street frontage—ideal for retail, office, or a boutique café.
Upper Levels: Two residential units, perfect for rental income or live-work flexibility.
Opportunity to Add Value: The property needs work, presenting the perfect chance for customization and increased equity.
Prime Location: Situated in a high-growth area with rising property values, new developments, and strong rental demand.
With the right vision and updates, this property can generate multiple streams of income and become a standout asset in your portfolio. Don’t miss this rare investment opportunity!
Contact us today to schedule a showing!
As-Is Condition
Seller makes no warranties regarding C/O, outstanding Violations, Occupants
No Contingencies
Open/Outstanding Real Estate Taxes and/or Water/Sewer liens to be paid by Seller at Closing
ANS Title required for Title Insurance
PROPERTY FACTS Under Contract
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | - | 1,500 |
| 3+1 | 1 | - | 1,200 |
PROPERTY TAXES
| Parcel Number | 14-03659-0000-00021 | Improvements Assessment | $132,700 |
| Land Assessment | $52,800 | Total Assessment | $185,500 |
PROPERTY TAXES
Parcel Number
14-03659-0000-00021
Land Assessment
$52,800
Improvements Assessment
$132,700
Total Assessment
$185,500
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