1878 Springfield Ave, Maplewood Twp., NJ 07040 - MLS#3932584

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Sheyla Basalo

sheyla@livxre.com +1(908) 247-0650

$ 1,600,000

Est. payment | -/mo

6,000 SqFt

Save

$ 1,600,000

Est. payment | -/mo

Save

6,000 SqFt

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 6,000 sqft

Price per Sqft $266

MLS Listing ID 3932584

Year Built 1927

Annual Tax Amount $42,841

Tax Year 2023

Lot Size 4,791 Sqft

Property Description

Fantastic opportunity to own a mixed-use building in Maplewood's highly sought-after commercial area is now available for purchase. Separately metered, this 6,000 sq ft, multi-tenant investment property comes 100% leased with 2 long-term storefront tenants with annual rental increases, 4 residential apartments and comes with 4 parking spots and finished basement. Located on a busy, high visibility street - first level includes a well-known restaurant and a nail salon. Second level has 3 two-bedroom apartments and 1 studio apartment (some units currently still leased below market value). Close in proximity to the Maplewood business district, charming Maplewood downtown, parks and Maplewood Country Club; just minutes of GSP and Rt 78, less than 10 miles away from Newark International Airport and within minutes from various public transportation options, this location is very commuter accessible as well as desirable. Additionally, this building comes with various upgrades and repairs completed within the last few years: new roof (2021), 3 newer hot water tanks (2021), updated bath and paint in Apt A (2021) new kitchen cabinets in Apt B (2022), entire building and basement repainted (2022), new security system/cameras (2022). Rare offerings like this don't come around too often in such prime locations, so take ownership on this one and reach out today!

Location

State NJ

County Essex

Zoning PRB

Rooms

Basement Finished-Partially, French Drain, Storage

Interior

Heating Electric, Gas-Natural

Cooling 4+ Units, Central Air

Equipment Appliances, Exhaust System, Fire Alarm, Floor Drains, Kitchen Area, Restrooms - Private, Security System, Smoke Detector

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature Brick/Block, Concrete

Garage Spaces 4.0

Utilities Available Electric, Gas-Natural

Roof Type Flat, Rubberized

Building

Story 2

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Listed by SIGNATURE REALTY NJ

GET MORE INFORMATION

Sheyla Basalo

Realtor (Buyers Expert) | License ID: 1754835

+1(908) 247-0650