Mt Prospect Avenue, Unit SRO

Newark, NJ 07104

$2,599,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investors! Contractors! Builders! 2024 Appraisal came back at 3.250M! Price stays the same! On a beautiful block just 2 min away from Branch Brook Park, and nearby 5 star rated schools, sits this Estate, Original stately home built with stone and rare rocks in 1910. It's approx. 9000 sqft on a double lot 59X105. In this Estate you will find 20 licensed SRO Units on three floors. On site parking for 10-12 cars. Gas fired heat and hot water system 2 yrs old. Electricity - PSE&GGas - PSE&G. Zoned as...Investors! Contractors! Builders! 2024 Appraisal came back at 3.250M! Price stays the same! On a beautiful block just 2 min away from Branch Brook Park, and nearby 5 star rated schools, sits this Estate, Original stately home built with stone and rare rocks in 1910. It's approx. 9000 sqft on a double lot 59X105. In this Estate you will find 20 licensed SRO Units on three floors. On site parking for 10-12 cars. Gas fired heat and hot water system 2 yrs old. Electricity - PSE&GGas - PSE&G. Zoned as C-1 Neighborhood Commercial (see pic with description). Building will be delivered VACANT! Must see in person!
  1. Listed by Rachel Aviv • Silvera Realty Co.
  2. Listed by Esther Silvera • Silvera Realty Co.

Property Details for Mt Prospect Avenue, Unit SRO

Complex/Subdivision
None
Zoning
Commercial, Mixed, Neighborhood, Residential
New Construction
No
Directions
Make a right on Broadway onto Bloomfield Ave, right to Mt. Prospect.

Location

Listing Courtesy of Silvera Realty Co., Rachel Aviv; Silvera Realty Co., Esther Silvera
Add your commute
LISTING UPDATED: 03/19/2024 07:24 AM

Property Details for Mt Prospect Avenue, Unit SRO

StatusActive
MLS #22401655
Days on Market102
Taxes$11,208 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial / Multi-Family
Year Built1910
Lot Size0.14 AC / 6,255 SF
CountyEssex County

Location

Listing Courtesy of Silvera Realty Co., Rachel Aviv; Silvera Realty Co., Esther Silvera
Add your commute

Building Information for Mt Prospect Avenue, Unit SRO

Stories4Residences-Year Built1910Building Size-Lot Size0.14 AC / 6,255 SF

Payment Calculator

$15,118 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,184

Property Taxes

$934

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for Mt Prospect Avenue, Unit SRO

Summary
Location and General Information
  • Area/Section: Newark
  • Postal City: Newark
  • State: NJ
  • Municipality: Newark (NEW)
  • Unit/Suite #: SRO
  • Block: 531
  • Apx Year Built: 1910.0
Parking
  • Garage: No
  • Parking: On Site
  • # Car Garage: 0.0
  • # Parking Spaces: 12.0
Taxes and HOA Information
  • Tax ID#: 0
  • Taxes: $11,208.00
  • Tax Year: 2022
Property
Lot Information
  • Lot: 51
  • Lot Dimensions: 59.58X105
Property and Assessments
  • Assessment - Total: 300000.0
  • Assessment - Improvements: 264300.0
  • Assessment Status: Assessed
  • Asmnt - Land: 35700.0
  • Possession: At Closing
  • Deed Restricted: No
  • Property Sub-Type: Multi-Family
Utilities
  • Water Heater: Natural Gas
  • Electric: 110 Volt
  • Gas: On Site
Interior and Exterior Features
Exterior Features
  • Roof: Asphalt, Shingled
  • Exterior: Fire Escape, Outside Storage
Interior Features
  • # Levels: 4
  • Basement: Finished, Full, Locked Storage
  • Floors: Tile, Vinyl, Wood

Property History for Mt Prospect Avenue, Unit SRO

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near Mt Prospect Avenue, Unit SRO

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - PK to 8
Public - 9 to 12
Public - PK to 6
Rating
School
Distance
Roberto Clemente Elementary School
PublicPK to 6

Rafael Hernandez Elementary School
PublicPK to 8

Technology High School
Public9 to 12

Franklin Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

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Mt Prospect Avenue, Unit SRO is a multi-family home for sale in Newark, NJ 07104. This property was listed for sale on January 19, 2024 by Silvera Realty Co., it's currently listed at $2,599,000. This listing's school district is The Newark Public School District. Nearby schools include Roberto Clemente Elementary School, Rafael Hernandez Elementary School and Technology High School. Mt Prospect Avenue, Unit SRO is a 0-bed, 0-bath, multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Silvera Realty Co., Rachel Aviv; Silvera Realty Co., Esther Silvera

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 04/27/2024 06:40 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.