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$ 1,350,000
Est. payment | /mo
2,613 Sqft Lot
$ 1,350,000
Est. payment | /mo
2,613 Sqft Lot
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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