Investment Properties

Check out the Commercial properties we have available in the Essex County area.

Buildings/Business

In the house with Stephen Ross, owner and Developer of Hudson Yards in New York City, a 25 Billion Dollar Development.

1034 South Orange Avenue, Newark, NJ - $450,000 - SOLD

Incredible Mixed-Use value in redevelopment zone of Newark, NJ (Vailsburg Section).

Ground Floor: 2,000 Sq. Ft former dry-cleaners with phase one environmental issues.

Second & Third Floor Residential Apartments are 3 bedroom, 1 bathroom each.

Third Floor is currently occupied, but will be delivered vacant at closing.

Seller willing to extend credit to address phase one issues.

386 Park Ave., Newark, NJ - $775,000 - FOR SALE

Can you say cash cow?

-Iconic bar & restaurant ready to change hands.

-Located in the North Ward of Newark by Branch Brook Park.

-Sale includes Class D Liquor license and stock.

-Building included in sale with income of nearly $100K annually in rents separate from the business.

COMING TO MARKET SOON: 1/2 Acre in Newark Re-development Area - $1,200,000

-Property has conducted Phase-one Environment.

-Completing engineering survey, and legal variance application pending.

-Possible uses: 8 (two) family homes or a 40-60 Unit Multi-family.

283 Rhode Island Avenue, East Orange, NJ - $299,000 - FOR SALE

Incredible development opportunity for saavy builder.

Approved duplex with 3200 Square ft. on each side.

Cinder block foundation and first floor erected (cost $40k).

All approved plans and permits with city of East Orange.

Parking in back.

Owner willing to partner, or complete work yourself at list price.

263-271 Hickory St., Orange, NJ - $650,000 - FOR SALE

-5 Vacant continuous Lots in the Seven Oaks community of Orange, NJ.

-Properties are walking distance to Mid-Town Direct & Across from Monte Irvin Park.

-With vairiance application the possibilities eist for small multi's or 1 large building.

-Total Sq. Ft. - 10,595

Newark/Irvington Border Warehouse - $750,000 - SOLD

-Warehouse with 4200 sq ft with working utilities.

-Additional 5500 sq ft parking included.

44 Unit - 203-207 Charlton St., Newark, NJ- $3,600,000- UNDER CONTRACT

Outstanding former tax credit deal with Low income attached financing ( HMFA & City Of Newark.) Building is completely occupied with professional Property Management for 28 years. Audited numbers. Low initial cap rate, however outstanding upside potential. Asking price is $3.8 Million.

1453 Springfield Ave., Maplewood, NJ- $450,000-SOLD

1100 Square-Foot office space over high-dry 1100 Square-Foot basement. Additional 500 sq.ft rental in the back of building. 177X50 Lot Size with Ample Parking. On major transportation routes.

632-634 Martin Luther King Blvd., Newark, NJ, 07102 - $1.9M-(UNDER CONTRACT)

Newly Renovated 18-Unit Building For Sale!

Recently renovated 18-unit building for sale at 632-634 Martin Luther King Blvd, Newark, NJ down the street from St. Benedict's High School. 14 Residential tenants predominately on Sec. 8. Also 4 Commercial tenants.

Rent Roll per year: $250,000 plus!

Buying Investment Property Tips:

Determining Cash on Cash Return

-What does this mean?

Determining the return on investment against your deposit.

Ex: If you put down a $100,000 deposit and after income and expenses you're left with $9,000, your cash on cash return is 9%.

Questions?

Powerhouse Realty

1549 Springfield Ave.,

Maplewood, NJ 07040

Phone: 908 391-1136

Fax: 973 763-5099

E-mail: Rspears10@aol.com

Or use our contact form.

Tip of the Week:

ESTATE HOME TIPS

Selling an estate property by default can be a difficult process. The emotional loss can be overwhelming. This is why it is imperative that you surround yourself with a team that will patiently guide you through the disposition of the property.

1) Make sure your paperwork is in order. Who is named as executor or adminstrator for the estate? Has the paperwork been filed with the county?

2) Hire an attorney that understands family law as well as real estate law if possible.

3) Does your realtor have experience in estate sales? Often the estate may not have the proceeds to address issues, such as clean outs, repairs or possibly relocation. Does your realtor have the resources to assist? As a whole, empathy and patience should be your guiding light until the closing!

Show Off Your Home!

Quick fixes before selling always pay off, but don’t over improve. Instead, do repairs that will pay off and get you what the home is truly worth. Best advice is to paint all the walls a neutral color, lighter colors open up the space. De- Clutter prior to listing your home… fix leaky faucets and keep the home clean at all times. For higher end homes consider staging (with a professional) to show the houses best light. Finally, depersonalize the home as much as possible. Although it’s emotionally difficult, eliminate family pics and certain art pieces that reflect you. A buyer wants to imagine themselves in the property so a blank canvas is best.

Learn more about how to sell your property.