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661 South 18th Street
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- Five-unit mixed-use asset located in Newark, New Jersey.
- Property features a strategic corner position for high visibility.
- Asking price for the commercial and residential building is $899,900.
- The site represents a significant value-add investment opportunity.
- Located within the established Newark urban market corridor.
What's Special
Investors seeking a value-add project will find this 5-unit mixed-use corner property at 661 South 18th Street in Newark, New Jersey, a functional addition to a portfolio. The asset encompasses both retail and apartment space, offering versatility for income generation in a prominent urban market. Newark continues to serve as a critical economic hub within the New York metropolitan area, benefiting from robust transit infrastructure and proximity to major regional employment centers. This location supports consistent demand for both commercial frontage and residential housing, making it a viable target for repositioning or strategic upgrades to increase current yield. Prospective buyers may leverage the property's corner visibility to enhance its commercial profile while managing the residential components to align with local housing needs. As part of a growing urban landscape, this site presents a practical entry point for those looking to capitalize on Newark's ongoing development and neighborhood revitalization trends.
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