Property
Newark City, NJ 07108 113 Elizabeth Ave
$699,000
18 more
Presented By: BHHS FOX & ROACH; 201-463-0958
Beds • 6
Full/Half Baths • 3 / 1
Home Details
This 4-story mixed-use building offers incredible potential for investors and visionary buyers alike. Located on a high-visibility, high-traffic street just minutes from downtown Newark and major landmarks like the Prudential Center, NJPAC, and municipal buildings, the property presents a canvas ready for transformation.The building features three residential units above, each with two bedrooms and one full bath, plus a former barbershop on the ground floor perfect for a commercial storefront or office space. All units require upgrades and renovation, giving new ownership the chance to reimagine and reposition the property for today's market.Delivered completely vacant at closing, this property offers flexibility and the opportunity to achieve strong market rents after renovation. Whether you're looking to build a rental portfolio, operate your own business, or both this is the one to see. Rents noted are suggested amounts.
Presented By: BHHS FOX & ROACH; 201-463-0958
Interior Features for 113 Elizabeth Ave
Bedrooms
Total Bedrooms6
Unit 1 Beds Total0
Unit 2 Beds Total2
Unit 3 Beds Total2
Unit 4 Beds Total2
Bathrooms
Half Baths1
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0
Unit 4 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft850
Unit 2 Sq Ft900
Unit 3 Sq Ft900
Unit 4 Sq Ft900
Unit 1 Levels1
Unit 2 Levels1
Unit 3 Levels1
Unit 4 Levels1
UnitType1TotalRent1600
UnitType2TotalRent1800
UnitType3TotalRent1800
Unit 4 Fireplaces0
Unit 4 Appl/EquipCarbMDet, CookGas, SmokeDet
Unit 3 Fireplaces
Unit 3 Handicap ModifiedNo
Unit 4 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector, Smoke Detector
Unit 2 Appl/EquipCarbMDet, CookGas, SmokeDet
Unit 3 Appl/EquipCarbMDet, CookGas, SmokeDet
BasementUnfinished
Fuel TypeGas-Natural
Interior AmenitiesCarbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Wood Floors
Other Rooms
Unit 4 Rooms5
Unit 2 Rooms5
Unit 1 Rooms2
Unit 3 Rooms5
Unit 3 Room DescriptionBedrooms, Dining Room, Eat-In Kitchen, Living Room
Unit 1 Room DescriptionRec Room, Storage
Unit 2 Room DescriptionBedrooms, Dining Room, Eat-In Kitchen, Living Room
Unit 4 Room DescriptionBedrooms, Dining Room, Eat-In Kitchen, Living Room
General for 113 Elizabeth Ave
Architectural StyleFourplex, See Remarks
CoolingNone
CountyEssex
DirectionsClinton Ave or W Runyon to Elizabeth
DriveOn-Street Parking
EasementUnknown
Farm AssessmentNo
Full Baths3
Garage Spaces
Gross Income82800
Heating4+ Units
Home Warranty Y/NNo
Net Operating Income66300
Number Of Units Total4
Open Parking Spaces
Operating Expense16500
PossessionAt closing
RoofAsphalt Shingle
ServicesGarbage Included
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount6872
Tax Assessed Value180700
Tax Lot26
Tax Year2024
Total Rooms17
Town #1614
TownshipNewark City
UtilitiesGas-Natural
Water HeaterGas
Year Built1920
Exterior for 113 Elizabeth Ave
Exterior AmenitiesMetal Fence
Exterior DescriptionBrick
Lot Dimensions27.7X100
Lot Size Acres0.06
Water SourcePublic Water
Additional Details
Price History
YOLANDA CASSIDY-BOGAN
Associate