531 Bloomfield Ave, Newark City, NJ 07107

$1,250,000

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Property Description

Located in the Upper Roseville Newark section at the Belleville border near Branch Brook Park. This is a fully occupied 5-unit apartment building. There are three 2-Bedroom units and two 1-Bedroom units. The fenced in parking lot has room for 5 cars. The building faces 536 North 11th St., Newark. The owners have received a variance for the property to build a 5-story, 10-unit building. The main building entrance is at 536 N 11th St. AKA 536 North 11th St. The State has a green card for a 5-unit building, and Newark's deemed this as a 4-unit complex. There are 5 Electric//Gas meters & 5 water heaters. Reach out for more information on the variance to redevelop the property as a 5-story, 10-unit building. New roof installed August 2026.

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Listing Courtesy Of COLDWELL BANKER REALTY, Contact: 973-464-1066