Commercial Real Estate for Sale at 54 Davenport Ave in Newark City, NJ for $985,000

Listing data updated October 22, 2024 - 10:50pm
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54 Davenport Ave | Newark City

$985,000 | 6 Baths (6 Half) | 3,493 Sq. Ft.

Welcome to this pristine 6 family building, great for owner occupied or as an investment property. Very well kept and cared for, this unit is located at 54 Davenport Ave in Newark, NJ, just a few blocks from the beautiful Branch Brook Park and conveniently close to NJ Transit. Each of the six apartments boasts spacious eat-in kitchens, living rooms, 1 bedroom, and a full bathroom. Full finished basement with 3 separate entrances provides additional rooms, closets, full bath and storage. This building is equipped with 7 electric meters, 7 gas meters and a common basement area with laundry hook ups. Exclusive driveway and additional parking in the large yard area, ideal for extramonthly income. This home is a must-see! Strictly "As is" Schedule your showing today! Cap Rate: 6.4% GSMLS 3904040

Directions to property: Bloomfield Ave to N. 8th St. to Davenport Ave

MLS Listing ID: 
GSMLS 3904040
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$985,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Primary Market Area: 
Newark City
Address: 
54 Davenport Ave, Newark City, NJ 07107-2537, U.S.A.
County: 
Essex
Latitude: 
40.7733700
Longitude: 
-74.1811300
Directions: 
Bloomfield Ave to N. 8th St. to Davenport Ave
Public Remarks: 
Welcome to this pristine 6 family building, great for owner occupied or as an investment property. Very well kept and cared for, this unit is located at 54 Davenport Ave in Newark, NJ, just a few blocks from the beautiful Branch Brook Park and conveniently close to NJ Transit. Each of the six apartments boasts spacious eat-in kitchens, living rooms, 1 bedroom, and a full bathroom. Full finished basement with 3 separate entrances provides additional rooms, closets, full bath and storage. This building is equipped with 7 electric meters, 7 gas meters and a common basement area with laundry hook ups. Exclusive driveway and additional parking in the large yard area, ideal for extramonthly income. This home is a must-see! Strictly "As is" Schedule your showing today! Cap Rate: 6.4%
Building Details
Details about the building on a property.
Stories: 
3
Year Built: 
1930
Living Area: 
3,493
Basement: 
Finished, Full, Walkout
Construction
Construction Materials: 
Formed Concrete
Roof: 
Flat, Rubberized
Exterior: 
Brick/Block, Vinyl Siding
Energy Information: 
Gas-Natural
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
6
Total Half-Bathrooms: 
6
Utilities
Information about utilities available on the property.
Heating System: 
4+ Units, See Remarks
Heating System Fuel: 
Gas-Natural
Cooling System: 
Window A/C(s)
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.07
Lot Size (Dimensions): 
32X100
Waterfront: 
0
Lot Features
Driveway: 
1 Car Width, Additional Parking, Concrete, Off-Street Parking
Parking Type: 
1 Car Width, Additional Parking, Concrete, Off-Street Parking
Total Parking Spaces: 
5
Public Record
Parcel Number: 
1614-00660-0000-00005-0000-
Lot Number: 
5
Annual Tax: 
$14,255.00
Property Zoning: 
Residential
Contract Details
Details about the listing contract.
Possession: 
Flexible
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
EXIT GOLDEN REALTY GROUP LLC

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