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Under Contract
391 Hawthorne Ave Newark City, NJ 07112
5,201 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Under Contract
Purchase Type For Sale
Square Footage 5,201 sqft
Price per Sqft $173
MLS Listing ID 3975573
Year Built 1930
Annual Tax Amount $14,574
Tax Year 2023
Lot Size 5,227 Sqft
Property Description
Newark is full of opportunity and 391-393 Hawthorne Ave has become your oyster. The original building of Bragman's is up to date where all you have to do is buy and start collecting rents! If all three units are rented, can easily make $7,000/month. Sorry, THE BUSINESS IS NOT FOR SALE ONLY THE PROPERTY ITSELF! STATS AS FOLLOWS: - Two of three units are rented out for the next five years on a NNN w/right of renewal after five years- Each unit pays their own utilities and meters are seperated. Water is divided by the three units - Roof done in 2021 - Newer hot water heaters - Each unit (1,500sqft) has its own basement for an additional 1,000sqft storage space - Unit 1: is occupied by a community grocery store - Unit 2: originally occupied Bragman's Deli (has a walk in cooler, stove, and other equipment may be available) - Unit 3: occupied - Owner of building has an option to expand w/first right of refusal on buildings next to Bragman's (389 & 395).
Location
State NJ
County Essex
Zoning 4A
Rooms
Basement Bilco-Style Door, Finished-Partially, Full
Interior
Heating Gas-Natural
Cooling Central Air
Flooring Laminate
Equipment See Remarks
Heat Source Gas-Natural
Exterior
Exterior Feature See Remarks
Utilities Available Gas-Natural
Roof Type See Remarks
Building
Story 1
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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