1. New Jersey
2. Newark City
3. 67 Broadway

67 Broadway, Newark City, NJ 07104

• 7 beds |
• 2 baths

Property Description

This mixed-use property features a fully rented commercial space on the 1st floor, generating $2,570/month with a 10-year lease and a 3% annual increase, ensuring long-term income stability. The spacious 4-bedroom, 1-bath apartment on the 2nd floor is currently vacant and listed for $2,700/month, offering immediate rental potential at market value. The 3rd-floor 3-bedroom, 1-bath unit is rented at $2,000/month, well below market value, providing a great opportunity for future rent increases.Recent updates include a new roof (1 year old) and upgraded electrical wiring. Located in a high-traffic area with excellent visibility, this property offers strong rental demand and significant upside potential.Perfect for owner-occupants, this multi-family property with commercial space offers a unique opportunity to live and collect rent. FHA financing available with just 3.5% down. Ideal for those looking to invest in their future while generating consistent rental income.Don't miss out on this rare opportunity schedule your showing today!

Listing Status:

Active

Listing Office:

RE/MAX IN ACTION : 908-558-2727

MLS ID:

3953067

Interior

• General: Carbon Monoxide DetectorSmoke DetectorTile Floors
• Basement: UnfinishedWalkout
• A/C: None
• Heating: 3 UnitsGas-Natural

Exterior

Construction

Location

Lot

Utilities

This listing courtesy of RE/MAX IN ACTION