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587 Martin Luther King Blvd

Newark City, NJ 07102
  • $749,000
  • STATUS: Active
  • ON SITE: 166 Days
  • MLS #: 3909312
UPDATED: 32 min ago
$749,000
  • 6
    BEDS
  • 0.04
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
County:
Area:

School Ratings & Info

Description

This incredible investment opportunity is located in the heart of downtown Newark, an area undergoing a major development boom that is driving real estate prices upward. Surrounded by extensive redevelopment, this property holds unlimited potential. Situated in Newark's historic downtown district, it is near the Prudential Center, shopping centers, restaurants, and both public and charter schools. Just minutes from Newark Penn Station, major highways, public transportation, and Newark Airport, this location offers unparalleled convenience. Be part of the New Newark renaissance and make this beauty your own. With its proximity to schools, colleges, hospitals, and a bustling downtown filled with great eateries, this property presents a unique chance to invest in a vibrant and rapidly evolving community. Opportunity is knocking! now might be your time. Make an offer!

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Gio | RE/MAX Central. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Team Gio | RE/MAX Central are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-12-05T09:46:38.173.
www.movetonewjersey.com/homes/151917365
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587 Martin Luther King Blvd Newark City, NJ 07102

  • Price: $749,000
  • Status: Active
  • On Site: 166 Days
  • Updated: 32 min ago
  • MLS #: 3909312
6
Beds
3
Baths
0
½ Baths
0.04
Acres
County:
Essex
Area:
Newark City
Property Description
This incredible investment opportunity is located in the heart of downtown Newark, an area undergoing a major development boom that is driving real estate prices upward. Surrounded by extensive redevelopment, this property holds unlimited potential. Situated in Newark's historic downtown district, it is near the Prudential Center, shopping centers, restaurants, and both public and charter schools. Just minutes from Newark Penn Station, major highways, public transportation, and Newark Airport, this location offers unparalleled convenience. Be part of the New Newark renaissance and make this beauty your own. With its proximity to schools, colleges, hospitals, and a bustling downtown filled with great eateries, this property presents a unique chance to invest in a vibrant and rapidly evolving community. Opportunity is knocking! now might be your time. Make an offer!
Exterior Features

Approximate Lot Size 18.7X100 Exterior Description Stone Number Of Parking Spaces 0 Parking Driveway Description On-Street Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Unfinished Cooling Window A/C(s) Heating 3 Units Total Number Of Rooms 14 Unit1 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasRefrigeratorSmoke Detector Unit1 Baths 1.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsEat-In KitchenLiving Room Unit1 Rooms 5 Unit1 Security Deposit 1575 Unit1 Sq Ft 999 Unit2 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasRefrigeratorSmoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsEat-In KitchenLiving Room Unit2 Rooms 5 Unit2 Sq Ft 999 Unit3 Baths 1.0 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Levels 3 Unit3 Room Description BedroomsEat-In KitchenLiving Room Unit3 Rooms 5 Unit3 Sq Ft 999

Property Features

Assessment Total 151200 Building Assessment 113200 Easement Unknown Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 0 Land Assessment 38000 Net Operating Income 0 Sewer Public Sewer Tax Amount 5636 Tax Rate Amount 3.728 Tax Rate Year 2023 Tax Year 2023 Total Operating Expense 0 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 1575 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 1400 Unit2 Security Deposit 1400 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 1650 Unit3 Security Deposit 1650 Water Public Water Water Heater Gas Year Built Description Unknown

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 908-355-1717.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Gio | RE/MAX Central. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Team Gio | RE/MAX Central are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-12-05T09:46:38.173.
 
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Manalapan NJ, 08527