Exceptional mixed-use investment opportunity in Newark's thriving University Heights neighborhood! 221 Sussex Avenue features four residential units and one ground-floor commercial space, creating multiple income streams and strong cash-flow potential. Conveniently located near universities, downtown Newark, public transportation, major highways, and ongoing redevelopment projects, this property is positioned in one of the city's most desirable rental markets. Whether you're an experienced investor or looking to expand your portfolio, this property offers a combination of stable income, future appreciation potential, and long-term value. Don't miss this opportunity to own a well-located mixed-use asset in a growing community. Also available is the neighboring property at 219 Sussex Avenue. Purchase one or both, as the seller prefers a package sale of these side-by-side properties for maximum investment potential.
221 Sussex Ave, Newark City NJ 07103-2845
Property City
Newark City
Property Price
$1,350,000
Year Built
1950
Tax Annual Amount
$13679
TaxYear (*text)
2024
Roof (*text)
Flat
Lot Size Area
0.06
MLS Status
Active
MLS #
4030367
Yearly Tax Rate
3.803
Year Built (*numeric)
1950
Basement
No
Roofing (*text)
Flat
Days On Market
19
Basement (*text)
No
Cooling (*text)
No Cool
GarageSpaces
0
Heating
Forced Hot Air
Lot Size Dimensions
25X100
Data import from
GSMLS