
$675,000 USD
Single Family Home for Sale, 570 Mount Prospect Ave, Newark City, New Jersey 07104-1530
- MLS#4011668
- 8
- 7
Listed By CENTURY 21 Alliance Realty
The Single Family Home for Sale located at 570 Mount Prospect Ave, Newark City, New Jersey 07104-1530 is currently for sale. 570 Mount Prospect Ave, Newark City, New Jersey 07104-1530 is listed for $675,000. This property has 8 bedrooms, 7 bathrooms.
Property features
Property
- Features: BasementFireplace
Lot/Land
- Land/Lot size:
1,093 m² (0.27 ac)
Construction
- Year built: 1920
- Style: Colonial
- Exterior: Stucco
Parking/Garage
- Parking spaces: 3
Bedrooms
- Bedrooms: 8
Bathrooms
- Total bathrooms: 7
- Full bathrooms: 5
- ½ bathrooms: 2
Description
**Investor Opportunity** 1-Family in R2 Zoning, 1 to 3 family. This legal 1-family property is positioned on a busy street surrounded by a mix of residential homes and professional office spaces, excellent candidate for redevelopment or value-add investment. Single family, two floor with a grand staircase, 3 Bedroom, 3 full and 2 half baths, detached 2 car garage and TWO 1 bedroom apartments with separate entrances. Located in the Forest Hill neighborhood close to Branch Brook Park.With a total of 23 rooms, including multiple bathrooms, and a detached 2-car garage, this property offers significant scale and potential. While the property is in need of renovations, it presents a unique opportunity for investors seeking to reposition a multi-family in a high-demand market. The large footprint and flexible layout provide options for reconfiguration, modernization, or conversion to meet today's rental and mixed-use demand. With strong rental demand in Newark and the growing trend of mixed-use conversions in the area, this property offers excellent potential upside for the right buyer.This is your chance to acquire a value-add project in a prime location ideal for seasoned investors or developers looking to maximize return on investment.
Location
570 Mount Prospect Ave, Newark City, New Jersey 07104-1530