Description
Come and own a piece of what is designated as Newark Downtown which stretches from Cherry all the way down to Sycamore. You may not see it now, but this is a fantastic opportunity to own a piece of gold before it becomes one. The property is located in a mixed-use locality and is permitted to build up to 3 stories: retail on the ground floor and residential on floors 2 and 3. Combine this lot with the neighboring 2 lots and you have yourself a goldmine. The owner spent over $150,000 to remodel so that you don't have to. Currently rented for $4000/m on a 3 year lease. You can cash flow now while planning to build down the line. The choice is yours.
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School Ratings & Info
Description
Come and own a piece of what is designated as Newark Downtown which stretches from Cherry all the way down to Sycamore. You may not see it now, but this is a fantastic opportunity to own a piece of gold before it becomes one. The property is located in a mixed-use locality and is permitted to build up to 3 stories: retail on the ground floor and residential on floors 2 and 3. Combine this lot with the neighboring 2 lots and you have yourself a goldmine. The owner spent over $150,000 to remodel so that you don't have to. Currently rented for $4000/m on a 3 year lease. You can cash flow now while planning to build down the line. The choice is yours.
© 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-01-23T23:48:05.547. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate. Licensed in the State of California.
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Listing provided courtesy of Paul Lejoy of Century 21 Pacific Realty.