1563 Springfield Ave

Maplewood Twp, 07040-2413

$849,000

$849,000
Active
Active
 - For Sale
baths
2.5 Baths
property_type
Other
calendar
Built 1900
Renovated 4-unit mixed-use property in the heart of Maplewood's Springfield Avenue commercial district, convenient to GSP and I-78. Includes 2 commercial and 2 residential units: a storefront rented to a tax / financial consultant, office rented to a project management business, a luxury 2-bedroom / 1-bathroom apartment, and a luxury 3-bedroom / 1.5-bathroom apartment. Full interior and exterior renovation in 2017. Separate utilities: Landlord pays cold water for the building and hot water for commercial units only. Fully occupied at 6.3% cap rate with upside in below-market rents and renting the parking space.
MLS® ID:
3812582
Updated:
1/29/23

Interior Features

Total Bedrooms
0
Total Bathrooms
2.5
Cooling
Ductless Split AC, Window A/C(s)
Heating
4 Units, Baseboard - Hotwater, Floor/Wall Heater

Exterior/Building Features

Lot Size
3,049 ft² lot
Roof
Asphalt Shingle
Sewer
Public Sewer

Other Property Details

Taxes
$9231
Tax Frequency
per YEAR
Garage
Yes
Garage Spaces
1
Parking
Y
View
N
County
Essex
Utilities
Electric, Gas-Natural
Water Source
Public Water
Pool
No
Total Stories
2
Zoning
mixed-use

 

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