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316 Mount Prospect Ave
Newark, NJ 07104
Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 8,000 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1920 |
| Building Class | C | ||
| Zoning | commercial | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 8,000 SF |
| No. Stories | 4 |
| Year Built | 1920 |
| Zoning | commercial |
ABOUT 316 MOUNT PROSPECT AVE , NEWARK, NJ 07104
Marcus & Millichap is proud to present 316 Mount Prospect Avenue, an eight-unit Investment property located in the highly-desired Forrest Hills section of Newark, New Jersey. This four story brick building produces an income of just-under $70,000, with a unit-mix of two, three, and four-bedroom apartments, all over 1,000 square feet. Located within two miles of the New Jersey Performing Arts Center building in Newark, this building presents a downtown location with the feel of a suburban area. This turnkey investment opportunity provides investment stability along with the upside of a developing surrounding area. Investors will enjoy a strong cash flow while the area creates appreciation throughout. Marcus & Millichap is proud to present 316 Mount Prospect Avenue, an eight-unit Investment property located in the highly-desired Forrest Hills section of Newark, New Jersey. This four story brick building produces an income of just-under $70,000, with a unit-mix of two, three, and four-bedroom apartments, all over 1,000 square feet. Located within two miles of the New Jersey Performing Arts Center building in Newark, this building presents a downtown location with the feel of a suburban area. This turnkey investment opportunity provides investment stability along with the upside of a developing surrounding area. Investors will enjoy a strong cash flow while the area creates appreciation throughout.
PROPERTY TAXES
| Parcel Number | 14-00558-0000-00004 | Improvements Assessment | $742,900 |
| Land Assessment | $107,100 | Total Assessment | $850,000 |
PROPERTY TAXES
