John Amato - Real Estate Boss NJ
250 Berkeley Ave, Newark, NJ 07107 Photo
250 Berkeley Ave, Newark, NJ 07107 Photo
250 Berkeley Ave, Newark, NJ 07107 Photo
250 Berkeley Ave, Newark, NJ 07107 Photo
250 Berkeley Ave, Newark, NJ 07107 Photo

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250 Berkeley Ave Newark, NJ 07107
$550,000
Active / MLS# 4029437 / Multi Unit - Multiple / Newark
4 Beds
3 Baths

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

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Estimated Payment

$ 3,431.35 per month $2,781.10 Principal & Interest $489.83 Property Tax $160.42 Homeowner's Insurance

Property Details

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

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

Agent Name: John Amato - Real Estate Boss NJ
Agent Phone: (732) 259-2127
Agency Title: Hallmark Realtors

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