Property

Newark City, NJ 07104 67 Broadway

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Presented By: RE/MAX IN ACTION; 908-558-2727
  • MLS# 3953067
  • 03/26/2025
  • Request Tour
  • Request Info
  • Beds • 7
  • Full/Half Baths • 2 / 1

Home Details

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!
Presented By: RE/MAX IN ACTION; 908-558-2727

Interior Features for 67 Broadway

Bedrooms

Total Bedrooms7
Unit 1 Beds Total0
Unit 2 Beds Total4
Unit 3 Beds Total3

Bathrooms

Half Baths1
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0

Other Interior Features

Unit 1 Sq Ft999
Unit 2 Sq Ft999
Unit 3 Sq Ft999
Unit 1 Levels1
Unit 2 Levels2
Unit 3 Levels3
UnitType1TotalRent2570
UnitType2TotalRent0
UnitType3TotalRent2000
Unit 3 Fireplaces0
Unit 3 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces1
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector, Smoke Detector
Unit 2 Appl/EquipCarbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator
Unit 3 Appl/EquipCarbon Monoxide Detector, Microwave Oven, Range/Oven - Gas, Refrigerator
BasementUnfinished, Walkout
Fuel TypeGas-Natural

Other Rooms

Unit 2 Rooms7
Unit 1 Rooms2
Unit 3 Rooms6
Unit 3 Room DescriptionBedrooms, Kitchen, Living/Dining Room
Unit 1 Room DescriptionKitchen, Living/Dining Room, Storage
Unit 2 Room DescriptionBedrooms, Kitchen, Living/Dining Room

General for 67 Broadway

Architectural Style3-Three Story
CoolingNone
CountyEssex
DirectionsBetween Clark St and Broad St
DriveOn-Street Parking
EasementUnknown
Elementary SchoolFRANKLIN
Full Baths2
GarageOn-Street Parking
Gross Income87240
Heating3 Units
High SchoolBARRINGER
Home Warranty Y/NNo
Interior FeaturesCarbon Monoxide Detector, Smoke Detector, Tile Floors
Middle/Junior High SchoolTECHNOLOGY
Net Operating Income67655
Number Of Units Total3
Open Parking Spaces0
Operating Expense19585
PossessionTBA
RoofFlat
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount12983
Tax Assessed Value341400
Tax Lot62
Tax Year2024
Total Rooms13
Town #1614
TownshipNewark City
UtilitiesElectric, Gas-Natural
Water HeaterGas
Year Built1900
ZoningCommercial

Exterior for 67 Broadway

Exterior DescriptionVinyl Siding
Lot Dimensions25X75
Lot Size Acres0.04
Water SourcePublic Water

Additional Details

Price History

Schools

High School Barringer High School
Elementary School Franklin Elementary School
Middle School Technology Middle School

YOLANDA CASSIDY-BOGAN

Associate
Price $880,000
MLS#3953067
List Date 03/26/2025
Property Type Multi-Family
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