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1878 Springfield Ave

Maplewood Twp., NJ 07040
  • $1,600,000
  • STATUS: Active Under Contract
  • ON SITE: 77 Days
  • MLS #: 3817750
Under Contract
UPDATED: 96 min ago
$1,600,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,000
    SQFT
  • $267
    $/SQFT
Type:
Commercial
Built:
1927
County:

School Ratings & Info

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 (currently leased at way 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!

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Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX 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 Da Silva Team | Keller Williams NJ Metro Group. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Da Silva Team | Keller Williams NJ Metro Group are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-01-30T23:46:11.1.
www.dasilvateamnj.com/homes/134781546
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1878 Springfield Ave Maplewood Twp., NJ 07040

  • Price: $1,600,000
  • Status: Active Under Contract
  • On Site: 77 Days
  • Updated: 96 min ago
  • MLS #: 3817750
0
Beds
0
Baths
0
½ Baths
0.11
Acres
6,000
SQFT
$267
$/SQFT
1927
Built
County:
Essex
Area:
Maplewood Twp.
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 (currently leased at way 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!
Exterior Features

Approximate Lot Size 50X100 Construction Brick/Block Exterior Description Brick/BlockConcrete Location See Remarks Number Of Bays 0 Number Of Docks 0 Parking Driveway Description Additional ParkingAssignedOn-Street ParkingSee Remarks Roof Description FlatRubberized

Interior Features

Basement Yes Basement Description FinishedFrench DrainFullStorage Cooling Central Air Equipment Available AppliancesExhaust SystemFire AlarmFloor DrainsRestrooms - PrivateSecurity SystemSmoke DetectorStorage Area(S) Heating 4+ UnitsForced Hot Air Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 6 Office Sq Ft 0

Property Features

For Sale Or Lease For Sale Fuel Type ElectricGas-Natural Primary Property Type Mixeduse Property Type Mixed UseSee RemarksStore With Apartment Sale Includes Building Only Sewer Public Sewer Suite Number 80 Tax Amount 36991 Tax Rate Amount 3.524 Tax Rate Year 2021 Tax Year 2021 Utilities ElectricGas-Natural Utilities Paid By Tenant Water Public Water Year Built Description Renovated Zoning Prb

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Signature Realty Nj: 973-921-1111.


Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX 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 Da Silva Team | Keller Williams NJ Metro Group. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Da Silva Team | Keller Williams NJ Metro Group are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-01-30T23:46:11.1.
 
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