146 Sherman Ave Newark City, NJ 07114
Other
MLS #: 3972297
Courtesy Of Grisela Flores
Property InformationDescription
Opportunity knocks in the heart of Newark! 146 Sherman Ave is a recently renovated mixed-use four-unit property featuring one ground-floor retail space and three residential apartments. All tenants are currently on month-to-month leases, offering both stability and flexibility for investors or owner-users.Grocery store tenant is long-standing and interested in renewing lease. More details available upon request to qualified buyers.Bonus income from four rear garage units, currently rented at $100/month each, further boosts your returns. With low operating expenses and a strong in-place Net Operating Income of over $65,000 annually, this is a turnkey asset in a rapidly developing area.Whether you're looking to add a solid cash-flowing investment to your portfolio or seeking a live-work opportunity, this property checks all the boxes.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 5
- Cooling System: Central Air
- Exterior Type: Vinyl Siding
- Floors: 3
- Heating System: Forced Air
- MLSID: 3972297
- Roof Type: Asphalt
- Roof Type: Shingle
- Rooms: Basement
MAP & DIRECTIONS
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