504 Springfield Ave, Newark, NJ 07103

Mixed-Use Building: Taxes $10,713 Lot 24x105 offers both commercial and residential income opportunities. The first floor retail unit previously occupied by a pharmacy, making it an excellent opportunity for a variety of potential businesses. The 2nd and 3rd floors each include large, residential apartments with 4 bedrooms & 1 bathroom. (Note: one bedroom does not include a closet.) These units offer high ceilings, generous layouts, & both front and rear stair access. Separate utilities, Unfinished basement offering storage. Building upgrades completed in 2006, including updated electrical systems and central air. The property is being sold as-is, presenting a fantastic opportunity for an investor or owner-occupant to add value and maximize income. Store Rent Potential $2,500 - $3,000 - (Apartments Income with renovation 2500-3000 Depends if you have 3 or 4 bedrooms its a 6 room apartment but all bedrooms dont have closets) —— Total 4,700 sq ft (+/-) Basement is 1,229 sq ft Retail Floor is 1,099 Sq ft - 2nd Floor Unit is 1,184sqft, 3rd Floor Unit is 1,184 sq ft (SQ FT calculated by the Matterport should be approx.