Address
45 -47 Fleming Ave, Newark City, NJ
Price
$ 1,500,000
Property Attributes
  • MLS#3856250
  • TypeMulti-Family
  • CountyESSEX
  • CityNewark City
  • AreaNewark City
  • Zip07105
  • Style
  • Year Built1977
  • Taxes$ 9833
  • Price$ 1,500,000
  • Bedrooms10
  • Full Bathrooms4
  • Half Bathrooms0
Data Source:
Garden State MLS (GSMLS)
Property Description

Selling both 45 and 47 Fleming Ave properties together could be a strategic move for the right buyer. Here's how you could pitch this opportunity to potential buyers:Unique Investment Opportunity: We are pleased to present a compelling investment package featuring two neighboring properties - 45 Fleming Ave and 47 Fleming Ave. Combined, these properties offer a total of 7 residential apartments and a commercial space:- 45 Fleming Ave boasts 4 apartments with excellent rental income potential. Two units 3 bedrooms and 1 baths, Two units 2 bedrooms and 1 baths. The total monthly rental income is $12,863.50.- 47 Fleming Avecommercial space suitable for a bar/restaurant on the ground floor. 2 apartments, each with 3 bedrooms and 1 bathBy acquiring both properties, you not only secure a stable rental income but also the opportunity to operate a bar/restaurant business. The proximity of these properties makes management and oversight convenient, and their combined potential is an enticing proposition for an astute investor

Price History
7/26/2023 Listed $1,500,000

General Features

Architectural Style See Remarks
Basement Finished
Cooling None
County Essex
Days on Market 101
Directions Market st. to Fleming ave.
Drive None
Easement Unknown
Exclusions Tenants property
Farm Assessment No
Heating See Remarks
Home Warranty Y/N No
Possession At closing
Roof Flat
Sewer Public Sewer
Standard Status Active
Status Active
Street Name Fleming Ave
Tax Annual Amount 9833
Tax Assessed Value 263200
Tax Lot 2
Tax Year 2022
Total Rooms 15
Total Units 4
Town # 1614
Township Newark City
Utilities Electric, Gas-Natural
Water Heater Gas
Year Built 1977

Interior Features

Fuel Type Gas-Natural
Full Baths 4
Total Bedrooms 10
Unit 1 Appl/equip Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas
Unit 1 Baths Total 1.0
Unit 1 Beds Total 2
Unit 1 Handicap Modified No
Unit 1 Levels 1
Unit 1 Room Description Bedrooms, Kitchen
Unit 1 Rooms 3
Unit 2 Appl/equip Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas
Unit 2 Baths Total 1.0
Unit 2 Beds Total 3
Unit 2 Handicap Modified No
Unit 2 Levels 2
Unit 2 Room Description Bedrooms, Kitchen
Unit 2 Rooms 4
Unit 3 Appl/equip Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas
Unit 3 Baths Total 1.0
Unit 3 Beds Total 3
Unit 3 Handicap Modified No
Unit 3 Levels 3
Unit 3 Room Description Bedrooms, Kitchen
Unit 3 Rooms 4
Unit 4 Appl/equip Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas
Unit 4 Baths Total 1.0
Unit 4 Beds Total 2
Unit 4 Handicap Modified No
Unit 4 Levels 4
Unit 4 Room Description Bedrooms, Kitchen
Unit 4 Rooms 4

Exterior Features

Exterior Description Stucco
Lot Dimensions 50X100
Lot Features Level Lot
Water Source Public Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 07105

Price
AVG $740K
$1.5M
Taxes
AVG $9,370
$9,833
Visits
AVG 440
1755
Data Provided by Inside Real Estate®
Year Built
AVG 1915
1977
Walkscore
AVG 91
87
Data Provided by Walkscore® not using MLS data

Your Agent

Georgina Goh

Georgina Goh

Sales Representative

201-779-4085

Listed By
NEW DIRECTION REALTY; 833-984-4663

Areas We Cover