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- LoopNet Team
140-142 Bloomfield Ave
Newark, NJ 07104
Multifamily Property For Sale · 6 Units
Investment Highlights
- Fully Occupied
- Upside in income by raising below market tenants and from renting out fenced in parking
- High grade retail tenant (H&R Block) since 2004
- Nearby public transportation
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.12 AC |
| Property Type | Multifamily | Building Size | 7,900 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low Rise | Year Built | 1965 |
| Building Class | B | Parking Ratio | 0.25/1,000 SF |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 7,900 SF |
| No. Stories | 3 |
| Year Built | 1965 |
| Parking Ratio | 0.25/1,000 SF |
About 140-142 Bloomfield Ave , Newark, NJ 07104
Outstanding Investment Opportunity. This well maintained three story mixed use building contains (4) residential apartments and (2) retail units. Property is fully occupied and is a cash cow. H&R Block is a strong tenant and has been there since 2004. Additional income can be generated from renting out parking in the back. All units have separate mechanical systems and utilities. Location fundamentals are amazing, near public transportation and on a highly trafficked street. THIS IS A NOT-TO-BE-MISSED DEAL FOR THE SAVVY INVESTOR!
PROPERTY TAXES
| Parcel Number | 14-00511-0000-00054 | Improvements Assessment | $832,083 |
| Land Assessment | $139,735 | Total Assessment | $971,818 |
PROPERTY TAXES
zoning
| Zoning Code | CM |
| CM |
