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$1,800,000 For Sale

186-188 Chancellor Ave
Newark City, NJ 07112

8 units |

3920 sq ft lot
Commercial: Store With Apartment - MLS# 3428013
Property Photo
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Description

Excellent income property close to schools and transportation. Net annual Income close to $155,000. Could reach more after renovation of all the leases. 8 Apartments 2 and 3 Bedrooms 2 Stores at the bottom. Owner may hold mortgage depending on the offer he receives. Income & Expense Report available upon request!

Features

  • Approximate Lot Size: 39.8X103.2
  • Basement: Finished Yes
  • Construction: Brick/Block
  • Construction Date/Year Built Des: Approximate
  • Cooling: 4 Units
  • County/Area: Essex County
  • Directions: GPS
  • Exterior Description: Brick/Block
  • For Sale Or Lease: For Sale
  • Fuel Type: Gas-Natural
  • Gross Operating Income: 153320
  • Heating: 4 Units
  • Listing Status: Active
  • Lot Identifier: 27
  • Net Operating Income: 114695
  • Number of Lavatories: 8
  • Number of Stories: 3
  • Primary Property Type: Store With Apartment
  • Property Type: Commercial
  • Roof Description: Asphalt Shingle
  • Sub Type: Store With Apartment
  • Tax Amount: $19,539
  • Total Operating Expense: 38625
  • Units: 8
  • Year Built: 1940
  • Zip Code: 07112
  • Zoning: Res/Retail

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