32
See all 32 photos
$895,000
Est. payment /mo
12 Beds
6 Baths
2,613 Sqft Lot
New
524 Mulberry St Newark City, NJ 07114
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Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4062921
Style 3-Three Story
Bedrooms 12
Full Baths 6
Year Built 1905
Annual Tax Amount $13,840
Tax Year 2025
Lot Size 2,613 Sqft
Property Description
INCREDIBLE INVESTMENT OPPORTUNITY IN NEWARK'S HIGHLY DESIRABLE SOUTH IRONBOUND SECTION!INVESTORS, THIS IS THE OPPORTUNITY YOU'VE BEEN WAITING FOR! Spacious legal three-family property packed with income-producing potential! Each of the three units features 3 bedrooms plus additional bonus rooms, offering generous space and flexibility. The basement also includes three additional bonus spaces with exciting possibilities, subject to municipal approvals.LOCATION, LOCATION, LOCATION! Ideally situated near Newark Liberty International Airport, Prudential Center, major highways, public transportation, restaurants, shopping, and entertainment! This prime location offers exciting potential for short-term, mid-term, and long-term rental strategies, subject to local regulations and approvals.With projected gross rental income potential of $10,500+ MONTHLY and $126,000+ ANNUALLY, the possibilities are tremendous!SO MUCH POTENTIAL! A CASH COW IN THE MAKING! Whether you're expanding your investment portfolio or looking for your next income-producing property, THIS IS ONE YOU DON'T WANT TO MISS!BRING YOUR BEST OFFER AND LET'S MAKE THIS CASH COW YOURS!
Location
State NJ
County Essex
Rooms
Basement Finished, Full, Walkout
Interior
Heating Gas-Natural
Cooling 3 Units, Central Air
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Utilities Available Gas In Street
Roof Type Asphalt Shingle
Garage No
Building
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
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Listed by WEICHERT REALTORS
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