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$1350000   Price Analysis
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286 16th Ave
Newark, NJ 07103
0 bed 6 bath 5540 SqFt ($243/SqFt)
6970SqFt lot. Built 1930
Listed 2024-05-17
Ⓧ USDA Ineligible
due to price & location

near Newark

Welcome to 286-290 16th Ave

Being sold as a bundle along with 558 S 18th St. A unique and versatile commercial property offering an exciting opportunity for entrepreneurs and investors alike. 286-290 16th Ave offers 4 roomy and versatile commercial spaces, perfect for a wide range of businesses, as well as a dance hall, pati and outdoor kitchen.

Don 't miss out on the chance to own this exceptional property, schedule a showing today and unlock its full potential.


Presented by Riyerbin Tineo at
LIM BANCES REALTY.
Listing Agent Photo

Property MLS #3902504 from GardenState

Bedrooms: 0

Total Bathrooms: 0.60
1/2 Bathrooms: 6

Carbon Monoxide Detector
Fire Extinguisher
Smoke Detector
Tile Floors

14
Basement Description: Bilco-Style Door, Full, Unfinished, Walkout

Cooling Features: 3 Units, Central Air, Window A/C(s)
Heating Features: 4 Units, Floor/Wall Heater, Forced Hot Air
Heating Fuel: Gas-Natural

Deck
OutDrKit
Patio
FencWood

Lot Description: Level Lot
Lot Size Acres: 0.16
Lot Size Square Feet: 6970

Gross Income: 72000

Number of Units: 4
Total Bathrooms in Unit-1: 2.0
Total Bathrooms in Unit-2: 1.0
Total Bathrooms in Unit-3: 1.0
Total Bathrooms in Unit-4: 2.0
Total Rooms in Unit-1: 4
Total Rooms in Unit-2: 2
Total Rooms in Unit-3: 3
Total Rooms in Unit-4: 5
Unit-1 Furnished Description: Carbon Monoxide Detector, Smoke Detector
Unit-2 Furnished Description: Carbon Monoxide Detector, Smoke Detector
Unit-3 Furnished Description: Carbon Monoxide Detector, Smoke Detector
Unit-4 Furnished Description: CarbMDet, CookGas, Refrig, SmokeDet
Unit-1 Square Feet: 962
Unit-2 Square Feet: 962
Unit-3 Square Feet: 450
Unit-4 Square Feet: 3165
Unit 1 Total Actual Rent: 2500
Unit 4 Total Actual Rent: 3500

Annual Tax Amount: 13446
Source Listing Status: Active
County: Essex
Directions: Grove St. to 16th Ave.
Tax Year: 2023
Source Property Type: Multi-Family
Source System Name: C2C

Listed 2024-05-17
$1350000
GardenState

Operating Expense Includes: Cold Water, Electric, Insurance, Taxes

Total Square Feet Living: 5540
Year Built: 1930
Building Exterior Type: Stucco
Property Age: 94
Roof: Flat
House Style: 1-One Story, Fourplex
Year Built Details: Approximate

Sewer: Public Sewer
Water Source: Public Water

Other Equipment: Gas

South Seventeenth Street Elementary School is a public elementary and middle school located approximately 0.2 miles away.
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Independence High School is a private high school located approximately 0.3 miles away.
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West Side High School is a public high school located approximately 0.5 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.