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839-845 Sanford Ave, Newark, NJ, 07106

--beds
--baths
--sqft
$2,000,000
--price/sqft
$14,889/moest. monthly cost
$595,560/yrincome needed

About This Home

Exceptional Turnkey 12-Unit Mixed-Use Investment Opportunity! 835-839 Sanford Ave. Meticulously maintained and proudly owned by the same family for over 40 years, this all-brick mixed-use building has been thoughtfully renovated and impeccably cared for. The property features 6 commercial storefronts and 6 residential apartments, with long-term tenants and established businesses creating a strong, diversified income stream in a prime location near the Maplewood border. Current gross income is strong, with excellent upside through rent optimization. All tenants, including the owner's unit, are on month-to-month leases, providing flexibility for investors. Additional income OPPORTUNITIES include 7 fenced rentable parking spaces, coin-operated laundry, and individual tenant storage units. The property also offers a high-ceiling, semi-finished walkout basement with front and rear access, ideal for storage or additional utility space. Capital improvements include a roof with a 5-year warranty, newer windows, new steel lintels, professionally sealed exterior brick, and sealed basement walls. The fully fenced rear yard features gated access from Sanford Place. A rare opportunity to acquire an exceptionally maintained mixed-use asset offering stable cash flow, value-add potential, and long-term appreciation in one of the area's most desirable investment corridors.

Getting Around

70
WalkingVery Walkable
60
TransitGood Transit
53
BikeBikeable

Schools

6/10
1/10
West Side High SchoolGrades 9-121.9 mi
1/10
Weequahic High SchoolGrades 9-121.9 mi

Construction

Materials

  • Roof: Asphalt

Type & Style

  • Home type: SingleFamily
  • Property subType: Mixed Use