10
See all 10 photos
$649,000
Est. payment /mo
6 Beds
3 Baths
39,996 SqFt
Under Contract
74 Irvine Turner Blvd Newark City, NJ 07103
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Key Details
Property Type Multi-Family, Commercial
Listing Status Under Contract
Purchase Type For Sale
Square Footage 39,996 sqft
Price per Sqft $16
MLS Listing ID 3944183
Style 3-Three Story
Bedrooms 6
Full Baths 3
Annual Tax Amount $7,868
Tax Year 2024
Lot Size 1,742 Sqft
Property Description
This versatile FIVE UNIT property offers a unique investment opportunity in Newark's thriving Springfield/Belmont neighborhood. The building features five units, including two ground-level commercial spaces currently operating as a grocery store and a convenience store, providing steady income potential. The residential component includes three well-maintained apartments: a spacious 3-bedroom, 1-bath unit, a comfortable 2-bedroom, 1-bath unit, and a studio apartment. Each residential unit boasts bright, airy living spaces with updated kitchens, creating an inviting and modern living environment. A finished basement completes the property.Strategically located near schools, parks, shopping, and dining options, the property is ideal for tenants seeking convenience and accessibility. Public transportation and major highways are easily accessible with public bus stops across the street, ensuring connectivity to downtown Newark and surrounding areas. Whether you're looking to expand your portfolio or secure a property with diverse income streams, this location offers endless possibilities in a dynamic and growing community.
Location
State NJ
County Essex
Rooms
Basement Finished
Interior
Heating Gas-Natural
Cooling None
Heat Source Gas-Natural
Exterior
Exterior Feature Brick, Stucco
Utilities Available Gas In Street
Roof Type Flat
Building
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
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Listed by KELLER WILLIAMS REALTY