587 Martin Luther King Blvd
Newark City, NJ 07102
Price: $749,000
GSMLS: 3909312Type: Multi-Family
Style: 3-Three Story
Total Units: 3
Beds: 6
Baths: 3 Full
Garage: No
Year Built: Unknown
Acres: 0.04
Property Tax: $5,636
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!
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
14
Basement:
Yes - Unfinished
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Stone
Lot Size:
18.7X100
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
3
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
3 Units
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
n/a
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$749,000
Tax Amount:
$5,636
Land Assessment:
$38,000
Build. Assessment:
$113,200
Total Assessment:
$151,200
Tax Rate:
3.73
Tax Year:
2023
Listing Information
MLS ID:
3909312
List Date:
06-21-2024
Days On Market:
119
Listing Broker:
TWRG REALTY GROUP
Listing Agent:
Moshe Wigder
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
