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250-252 Berkeley Avenue, Newark, NJ 07107

$550,000
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Under Contract
BEDS4 BATHS3 full MLS#26018600
STATUSUnder Contract PROPERTY TYPEMulti Unit - Multiple

Property Description

Rare investment and development opportunity in the heart of Newark's thriving Roseville section. 250-252 Berkeley Avenue, a legal two-family property, is being offered together with the neighboring institutional/commercial property as a package deal, creating an approximate combined lot size of 100 x 100.This unique assemblage presents exceptional potential for developers, investors, builders, or end-users seeking redevelopment opportunities in a rapidly growing area. Preliminary development concepts may support multiple new construction residential units, subject to buyer due diligence, zoning requirements, subdivision approvals, and municipal approvals.The existing two-family property provides immediate rental income potential and may remain tenant-occupied while developers pursue approvals, plans, and redevelopment opportunities, creating the possibility for cash flow during the planning and entitlement process.Conveniently located near major highways, public transportation, shopping, schools, and residential neighborhoods, this offering provides strong upside potential in an area experiencing continued growth and redevelopment activity.Buyer responsible for independently verify

250-252 Berkeley Avenue | MLS# 26018600

This multi-family property located at 250-252 Berkeley Avenue, Newark, NJ 07107 is currently listed for sale with an asking price of $550,000. Search Newark real estate on www.joycerealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Taxes: $0

Feature Descriptions

Days on Site: 40
Laundry: See Remarks
Number of Rooms: 12

Listed By / Shown By

Listing By

Agency Name: Realty One Group Sunrise
Agency Phone: 201-265-7000

Shown By

Agency Title: Joyce Realty
Agency Phone: (800-275-5692)

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Estimated Payment

$ 1,384.48 per month $1,224.06 Principal & Interest $0.00 Property Tax (data not provided by mls) $160.42 Homeowner's Insurance

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