Property
Newark City, NJ 07105 550 Ferry St
$1,200,000
Pending
18 more
Presented By: ROSA AGENCY
Beds • 6- Baths • 3
Beds • 6
Baths • 3Home Details
Rare Mixed-Use Investment Opportunity: Residential + Commercial Income. Unlock exceptional cash flow and long-term upside with this unique two-property package located in a high-demand area. Features a well-maintained multifamily property, paired with a separately addressed, commercially zoned rear lot with 2 garages, measuring 29x37ft each, offering flexibility that is truly hard to find. Three-unit multifamily home with two bedrooms and one bathroom in each unit, all with separate utilities, plus parking for four cars and low taxes for the area. To be sold as a package.
Presented By: ROSA AGENCY
Interior Features for 550 Ferry St
Bedrooms
Total Bedrooms6
Unit 1 Beds Total2
Unit 2 Beds Total2
Unit 3 Beds Total2
Bathrooms
Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft9999
Unit 2 Sq Ft9999
Unit 3 Sq Ft9999
Unit 1 Levels1
Unit 2 Levels1
Unit 3 Levels3
UnitType1TotalRent9999
UnitType2TotalRent9999
UnitType3TotalRent9999
Unit 3 Fireplaces0
Unit 3 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, See Remarks
Unit 2 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, See Remarks
Unit 3 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, See Remarks
BasementUnfinished
Fuel TypeGas-Natural, See Remarks
Other Rooms
Unit 2 Rooms4
Unit 1 Rooms4
Unit 3 Rooms4
Unit 3 Room DescriptionBedrooms, Kitchen, Living Room, See Remarks
Unit 1 Room DescriptionBedrooms, Kitchen, Living Room, See Remarks
Unit 2 Room DescriptionBedrooms, Kitchen, Living Room, See Remarks
General for 550 Ferry St
Architectural Style3-Three Story
CoolingWindow A/C(s)
CountyEssex
DirectionsIronbound to Ferry Street
DriveBlacktop
EasementYes
Full Baths3
Gross Income27000
Heating3 Units, Baseboard - Hotwater, See Remarks
Net Operating Income20000
Number Of Units Total3
Open Parking Spaces6
Operating Expense7000
Possessionat closing
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusUnder Contract
StatusUnder Contract
Tax Annual Amount7666
Tax Assessed Value201600
Tax Lot32
Tax Year2024
Total Rooms11
Town #1614
TownshipNewark City
UtilitiesGas-Natural, See Remarks
Year Built1975
Exterior for 550 Ferry St
Exterior DescriptionAluminum Siding, Brick
Lot Dimensions25.5X91.4
Lot Size Acres0.05
Water SourcePublic Water
Additional Details
Price History
Brian Lee
Associate