642 Mount Prospect Ave | Newark City

$1,400,000 | 6 Baths (6 Half) | 4,000 Sq. Ft.

Attention Investors! Prime Investment Opportunity in North Newark! Discover this outstanding property featuring two commercial units alongside four fully occupied apartments. A fantastic chance to enjoy consistent returns in a bustling, high-demand location. With separate utilities and ample street parking, this gem sits perfectly in the heart of a thriving Business District. Owners enjoy the added benefits of the Mt. Prospect Partnership, which ensures private street cleaning and security services. The property is strategically located amidst doctor offices, law firms, retail shops, restaurants, a medical building, and a pharmacy, offering ample potential for growth and return on investment. Don't miss out on this prime opportunity! GSMLS 3952857

Directions to property: Between Elwood Ave ad Heller Pkwy

MLS Listing ID: 
GSMLS 3952857
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Status Accepting Offers: 
1
Building Details
Details about the building on a property.
Stories: 
2
Year Built: 
9999
Living Area: 
4,000
Basement: 
Unfinished
Construction
Construction Materials: 
Brick/Block
Roof: 
Flat
Exterior: 
Brick/Block
Energy Information: 
Gas In Street
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
6
Total Half-Bathrooms: 
6
Utilities
Information about utilities available on the property.
Heating System: 
4+ Units, Radiators - Hot Water
Heating System Fuel: 
Gas-Natural
Cooling System: 
No Cool
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.11
Lot Size (Dimensions): 
37.6X129
Waterfront: 
0
Lot Features
Driveway: 
None
Parking Type: 
None
Total Parking Spaces: 
0
Public Record
Parcel Number: 
1614-00737-0000-00021-0000-
Lot Number: 
21
Annual Tax: 
$10,648.00
Property Zoning: 
BUSINESS
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
3/25/2025
Contract Details
Details about the listing contract.
Inclusions: 
Building Only
Possession: 
30 days
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
RE/MAX PROFESSIONALS I