47 Fleming Ave,Newark City, NJ 07105
Newark City, NJ 07105
Description
Exceptional mixed-use investment opportunity in Newark?s RDV Redevelopment Plan Area. This commercial property features a bar/restaurant on the first floor with a long-term, established tenant providing consistent income, plus two updated residential apartments offering strong rental potential. Prime location with excellent NYC commuter access, making the apartments highly desirable to renters. This property can also be purchased together with 45 Fleming St next door, adding three additional rental units and creating a rare multi-building portfolio opportunity. Ideal for investors seeking cash-flowing Newark properties, redevelopment upside, or long-term appreciation in a rapidly improving corridor. Don?t miss the chance to acquire two adjacent properties with significant future growth potential.
Details
| MLS # | 4001591 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Under Contract |
| Year | 1950 |
| Days On Site | 276 |
| Listing Provided By | RE/MAX PROFESSIONALS I | CHRISTOPHER STEAD |
Features
| Basement | Y |
|---|---|
| Story(s) | 3 |
| Units | 3 |
| Zoning | RDV |
Taxes
| Property | 13800 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07105 |
| Area | Essex |
| Listing VS Median (in 07105) | |
Price: $849,900 low | high Med: $327,450 On site: 276 low | high Med: 273 | |
Market Activity 07105
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Learn More About This Property
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07105 |
| Area | Essex |
| Listing VS Median (in 07105) | |
Price: $849,900 low | high Med: $327,450 On site: 276 low | high Med: 273 | |
