Property

Newark City, NJ 07104 383 Mount Prospect Ave

383 Mount Prospect Ave Newark City, NJ - Image 1383 Mount Prospect Ave Newark City, NJ - Image 2383 Mount Prospect Ave Newark City, NJ - Image 3
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383 Mount Prospect Ave Newark City, NJ - Image 4383 Mount Prospect Ave Newark City, NJ - Image 5383 Mount Prospect Ave Newark City, NJ - Image 6383 Mount Prospect Ave Newark City, NJ - Image 7383 Mount Prospect Ave Newark City, NJ - Image 8383 Mount Prospect Ave Newark City, NJ - Image 9383 Mount Prospect Ave Newark City, NJ - Image 10383 Mount Prospect Ave Newark City, NJ - Image 11383 Mount Prospect Ave Newark City, NJ - Image 12
Presented By: RE/MAX SELECT; 908-233-9292
  • MLS# 3913519
  • 07/16/2024
  • Request Tour
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  • Full/Half Baths • 0 / 7
  • SQFT • 5,887
  • Garage • 5

Home Details

383 Mt Prospect Ave, where classic charm meets modern convenience in this stunning 6-family residence. Boasting 10 spacious bedrooms, 7 bathrooms, and featuring 5 elegant fireplaces, this property offers unparalleled comfort and style. Situated just blocks away from Forest Hills and Branch Brook Park, residents enjoy easy access to lush greenery and serene surroundings. The location is a commuter's dream, with close proximity to public transportation, parks, and major highways, ensuring convenience and connectivity. One of the standout features of this home is its breathtaking views of New York City, providing a picturesque backdrop day and night. Ideal for investors and homeowners alike, this property is zoned for multi-family high rise, offering endless possibilities for expansion and development. Whether you're looking for a lucrative investment opportunity or a spacious property to live, the options are truly limitless. Don't miss your chance to own a piece of Newark's finest properties.
Presented By: RE/MAX SELECT; 908-233-9292

Interior Features for 383 Mount Prospect Ave

Bathrooms

Half Baths7

Other Interior Features

Price Per Sq Ft314.25
Available Sq Ft5887
Num 3 Bdrm Units1
Num 2 Bdrm Units2
Num 1 Bdrm Units3
BasementFull, Storage, Unfinished, Walkout
FlooringCarpeting, Concrete, Tile, Wood
Fuel TypeGas-Natural
Total Stories3

General for 383 Mount Prospect Ave

Cap Rate6.00
ConstructionBrick/Block, Wood
CoolingNo Cool
CountyEssex
Days on Market63
DirectionsWaze to 383 Mount Prospect Ave
Documents AvailableIncome & Expenses
Drive2 Car Width
EasementNo
Equipment AvailableFixtures, Smoke Detector
Garage Spaces5
Gross Income138000
Heating4+ Units
Leasable Area
LocationResidential Area, See Remarks
Net Operating Income109000
Num Apts6
Number of Amps100
NumberOfUnitsTotal6
Operating Expense29000
Percent OwnershipFee Simple
PossessionAt Closing
Property TypeOffice/Apartments, See Remarks
Property TypeSee Remarks
RoofSlate
ServicesGarbage Included
SewerPublic Available
Standard StatusActive
StatusActive
Tax Annual Amount13625
Tax Assessed Value365500
Tax Lot54
Tax Year2023
Town #1614
TownshipNewark City
UtilitiesElectric, Gas-Natural
Utilities Paid ByTenant
Year Built1910
ZoningMuliFam HiRis

Exterior for 383 Mount Prospect Ave

Building Area Total5887
Exterior DescriptionWood
Lot Dimensions113.8X175
Lot Size Acres0.46
Max Ceiling Height10
Max Door Height0
Number of Bays0
Number of Docks0
Number of Doors0
Total Parking5
Water SourcePublic Water

Additional Details

Price History

Derrick Sims

Associate
Price $1,800,000
MLS#3913519
List Date 07/16/2024
Property Type Commercial
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