228-236 Springdale Ave new Save Request In-Person Tour Request Virtual Tour
East Orange City,NJ 07017
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3949031
Year Built 1915
Annual Tax Amount $33,354
Tax Year 2024
Lot Size 0.260 Acres
Property Sub-Type Mixed Use
Property Description
An exceptional chance to invest in a high-performing mixed-use property on Springdale Ave, offering both strong cash flow and long-term value appreciation. With a total rental income exceeding $17,000 per month, this well-maintained property provides a diverse mix of 5-commercial ,5-residential units and 5-car parkings space ensuring consistent revenue and stability.Situated in a high-demand area, this asset benefits from excellent visibility, good foot traffic, and proximity to transportation routes, making it an attractive location for businesses and residents alike. The surrounding neighborhood continues to grow, further enhancing its investment potential.With an asking price of $1,800,000, this turnkey property delivers a solid 8% cap rate, making it an exceptional opportunity for investors looking to expand their portfolio with a strong, income-generating asset.
Location
State NJ
County Essex
Zoning COM/RES
Interior
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Exterior
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Building
Story 2
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Others
Ownership Fee Simple