524 Mulberry St, Newark City, NJ 07114

$895,000
12
BD
6
BA

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List Price
$895,000
MLS#
4062921
Year Built
1905
Status
ACTIVE
County
Essex
City
Newark City
Bedrooms
12
Bathrooms
6
Baths Full
6
Acres
0.06

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!

Additional Information

Taxes
$13,840
Cooling
3 Units, Central Air
Exterior
Vinyl Siding
Heating
3 Units, Forced Hot Air
Roof
Asphalt Shingle
Sewer
Public Sewer
Water
Public Water
Basement
Yes

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Listing Courtesy Of WEICHERT REALTORS, Contact: 973-979-5152

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