Properties

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!

Features

  • Heating System : Forced Hot Air, 3 Units
  • Cooling System : 3 Units, Central Air
  • Basement : Full, Walkout, Finished
  • Roof Deck : Asphalt Shingle
  • Parking Description: On-Street Parking
  • Tax Assessed Valuation: 346100
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Gas In Street

Additional Info

  • Office Name: WEICHERT REALTORS
  • Office MLS ID: 000630
  • Agent ID: 398741
  • Tax: 13840
  • Tax Year: 2025
  • Application Fee: $0

Multi-Family For Sale

For Sale
$895,000

524 Mulberry St, Newark City, *

  • SQFT 25 Acre
  • Bedroom 12
  • Built Year 1905

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5472287
  • Price: $895,000
  • Bedrooms: 12
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1905
  • Year Built Description: Approximate
  • Lot Area: 25 Acre
  • Status: Active
  • Days On Market: 0

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: Mulberry St
  • Street Number: 524
  • Street Direction: Use Google Maps
  • Floor Number: 0
  • Longitude: W75° 49' 22.6''
  • Latitude: N40° 43' 10.8''
  • Internet Display Address: Yes
Property