32 Martin Luther King Jr B,Newark City, NJ 07104
Newark City, NJ 07104
Description
Excellent investment opportunity in Newark's desirable 07104 area! This 3-family property offers strong income potential and additional living space with a finished bonus basement. Unit 1 features 2 bedrooms, a living room, eat-in kitchen, and 1 full bathroom. Units 2 and 3 each offer 3 bedrooms, a living room, eat-in kitchen, and 1 full bathroom. The finished basement includes 2 bedrooms, a living room, and a semi-kitchen setup, providing flexible use options. Property requires TLC and presents an ideal value-add opportunity for investors or owner-occupants looking to renovate and maximize returns. Property may be delivered vacant, allowing the next owner to complete modern updates and achieve market rents. Conveniently located near transportation, shopping, schools, and major highways. Being sold as-is. Buyers responsible for conducting their own due diligence regarding legal use and municipal requirements.
Details
| MLS # | 4031549 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Under Contract |
| Year | 1882 |
| Days On Site | 125 |
| Listing Provided By | XENTRY PROPERTY GROUP LLC | LUIZ BENTO |
Features
| Bath(s) | 4 Total |
|---|---|
| Basement | Y |
Taxes
| Property | 6782 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07104 |
| Area | Essex |
| Listing VS Median (in 07104) | |
Price: $819,999 low | high Med: $464,999 On site: 125 low | high Med: 112 | |
Market Activity 07104
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Learn More About This Property
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07104 |
| Area | Essex |
| Listing VS Median (in 07104) | |
Price: $819,999 low | high Med: $464,999 On site: 125 low | high Med: 112 | |
