NJ
Essex
Newark City
07107
250 Berkeley Ave
250 Berkeley Ave, Newark City, NJ 07107
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Listing Type
Multi Family
Listing Status
Active
5
$550,000

Home Details for 250 Berkeley Ave

Price
$550,000
Type
Residential Income
Bedrooms
4
Total Bathrooms
3
Full Bathrooms
3
Square feet
2000
Year built
1999
Lot size acres
0.11
County
Essex
Total rooms
12
Basement
Finished
Days on site
11
MLS Listing#
4029437
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

Property Features
  • Heating Information
    • Baseboard
    • Natural Gas
  • Water Features
    • Public
  • Basement
    • Finished
Listing Courtesy: REALTY ONE GROUP SUNRISE - 201-265-7000
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EXIT GOLDEN REALTY GROUP
50 Midland Ave, Kearny, NJ 07032
Office
201 997 4425
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