221 Sussex Ave, Newark City, NJ 07103
221 Sussex Ave, Newark City, NJ 07103
221 Sussex Ave, Newark City, NJ 07103
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Naveen Sharma

Naveen Sharma

+1(732) 429-0939
$1,350,000
Est. payment /mo
2,613 Sqft Lot
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4030367

Year Built 1950

Annual Tax Amount $13,679

Tax Year 2024

Lot Size 2,613 Sqft

Property Sub-Type Mixed Use

Property Description

Located just steps from University Heights, 221 Sussex Avenue presents a prime opportunity to own a high-yielding mixed-use property in one of Newark's most desirable investment corridors. This well-positioned building offers a total of six units, including four residential apartments and one commercial storefront, making it a versatile asset for both seasoned and first-time investors. 221 Sussex Ave offers long-term upside with immediate rental income potential. Positioned adjacent to 219 Sussex Ave, this property is also ideal for investors seeking to consolidate holdings in a high-growth area.

Location

State NJ

County Essex

Zoning Mix

Interior

Heating Electric, Gas-Natural

Cooling No Cool

Equipment See Remarks

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature See Remarks

Utilities Available Electric, Gas-Natural

Roof Type Flat

Building

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

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Naveen Sharma

+1(732) 429-0939

naveen@fourpointrealty.com

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221 Sussex Ave