BEDS8
BATHS5 full 2 partial
MLS#4011668
STATUS
PROPERTY TYPEResidential - Single Family
Property Description
**Investor Opportunity** 1-Family in R2 Zoning, 1 to 3 family. This legal 1-family property is positioned on a busy street surrounded by a mix of residential homes and professional office spaces, excellent candidate for redevelopment or value-add investment. Single family, two floor with a grand staircase, 3 Bedroom, 3 full and 2 half baths, detached 2 car garage and TWO 1 bedroom apartments with separate entrances. Located in the Forest Hill neighborhood close to Branch Brook Park.With a total of 23 rooms, including multiple bathrooms, and a detached 2-car garage, this property offers significant scale and potential. While the property is in need of renovations, it presents a unique opportunity for investors seeking to reposition a multi-family in a high-demand market. The large footprint and flexible layout provide options for reconfiguration, modernization, or conversion to meet today's rental and mixed-use demand. With strong rental demand in Newark and the growing trend of mixed-use conversions in the area, this property offers excellent potential upside for the right buyer.This is your chance to acquire a value-add project in a prime location ideal for seasoned investors or developers looking to maximize return on investment.
Property Features
Property Type: Residential - Single Family
Basement: Full
Basement: Yes
Fuel Type: Gas-Natural, See Remarks
Garage: 2
Heating: 1 Unit, See Remarks
Home Style: Colonial
Lot Size: 0.27 Acres
Taxes: $12,983
Year Built: 1920
Feature Descriptions
Days on Site: 4
Driveway: 1 Car Width
Exterior: See Remarks, Stucco
Fireplace: Living Room
Lot Dimensions: 0.27 acre(s)
Parking Notes: Detached Garage
Sewer: Public Sewer
Utilities: Electric, Gas-Natural
Water: Public Water
Listed By / Shown By
Listed By
Agency Name: CENTURY 21 ALLIANCE REALTY
Agency Contact: 908-587-5222
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 2,781.05 per month $1,502.26 Principal & Interest $1,081.92 Property Tax $196.88 Homeowner's InsuranceChange Payment Information
570 Mount Prospect Ave | MLS# 4011668
This single family home located at 570 Mount Prospect Ave, Newark, NJ 07104 is currently listed for sale with an asking price of $675,000. This property was built in 1920 and has 8 bedrooms and 5 full and 2 partial baths. Search Newark real estate on www.realtymarkllc.com today.