BEDS4
BATHS3 full
MLS#4029437
STATUS
PROPERTY TYPEMulti Unit - Multiple
Property Description
Rare investment and development opportunity in the heart of Newark?s thriving Roseville section. 250-252 Berkeley Avenue, a legal two-family property, is being offered together with the neighboring institutional/commercial property as a package deal, creating an approximate combined lot size of 100 x 100.This unique assemblage presents exceptional potential for developers, investors, builders, or end-users seeking redevelopment opportunities in a rapidly growing area. Preliminary development concepts may support multiple new construction residential units, subject to buyer due diligence, zoning requirements, subdivision approvals, and municipal approvals.The existing two-family property provides immediate rental income potential and may remain tenant-occupied while developers pursue approvals, plans, and redevelopment opportunities, creating the possibility for cash flow during the planning and entitlement process.Conveniently located near major highways, public transportation, shopping, schools, and residential neighborhoods, this offering provides strong upside potential in an area experiencing continued growth and redevelopment activity.Buyer responsible for independently verify
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished
Fuel Type: Gas-Natural
Heating: Baseboard - Hotwater
Lot Size: 0.11 Acres
Roof Type: Asphalt Shingle
Taxes: $5,878
Year Built: 1999
Feature Descriptions
Days on Site: 3
Driveway: Blacktop
Exterior: Aluminum Siding
Lot Dimensions: 0.11 acre(s)
Sewer: Public Available
Utilities: Electric, Gas In Street
Water: Public Water
Listed By / Shown By
Listed By
Agency Name: REALTY ONE GROUP SUNRISE
Agency Contact: 201-265-7000
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0400
Estimate Your Payment
Estimated Payment
$ 1,874.31 per month $1,224.06 Principal & Interest $489.83 Property Tax $160.42 Homeowner's InsuranceChange Payment Information
250 Berkeley Ave | MLS# 4029437
This multi-family property located at 250 Berkeley Ave, Newark, NJ 07107 is currently listed for sale with an asking price of $550,000. Search Newark real estate on www.realtymark.net today.