$874,999

146 Sherman Ave, Newark City, NJ 07114-1768, US

Summary

Sq Ft: 3900
Year Built: 1920

Moving Quotes

primary photo for 146 Sherman Ave, Newark City, NJ 07114-1768, US

Remarks

Opportunity knocks in the heart of Newark! 146 Sherman Ave is a recently renovated mixed-use four-unit property featuring one ground-floor retail space and three residential apartments. All tenants are currently on month-to-month leases, offering both stability and flexibility for investors or owner-users.Grocery store tenant is long-standing and interested in renewing lease. More details available upon request to qualified buyers.Bonus income from four rear garage units, currently rented at $100/month each, further boosts your returns. With low operating expenses and a strong in-place Net Operating Income of over $65,000 annually, this is a turnkey asset in a rapidly developing area.Whether you're looking to add a solid cash-flowing investment to your portfolio or seeking a live-work opportunity, this property checks all the boxes.

Details

MLS#: 3972297
Price: $874,999

Sq Ft: 3900
Year Built: 1920

County: Essex
Lot Size: 25X100
Tax Fee: 5540

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Broker Contact

FLOROSTONE REALTY INC.
429 CHESTNUT STREET
ROSELLE PARK, NJ, 07204
US
Grisela Flores
! 908-445-5339
! grisela@florostone.com

Information is believed to be accurate but should not be relied upon without verification.
Data Provided by Garden State MLS, LLC
Last updated: 2025-06-28T12:36:20.000-04:00.
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