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Candace Solomon

candace@candacesolomon.com +1(856) 229-6111

$ 895,000

Est. payment | -/mo

12 Beds

6 Baths

2,613 Sqft Lot

Save

$ 895,000

Est. payment | -/mo

Save

12 Beds

6 Baths

2,613 Sqft Lot

Open House

Sun Nov 15, 2:00pm - 4:00pm

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

Listed by WEICHERT REALTORS

NEARBY SCHOOL & BUSINESS

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Candace Solomon

Broker Owner NJ 1864819PA RM426502NJ Brokerage 2441916PA Brokerage RB070480

+1(856) 229-6111 | candace@candacesolomon.com

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Homes For Sale in Camden, NJ

524 Mulberry St Newark City, NJ 07114

Candace Solomon

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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524 Mulberry St