Log In/Sign Up
632-634 Martin Luther King Blvd
Newark, NJ 07102
Multifamily Property For Sale
·
14 Units
Property Facts
| No. Units | 14 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 16,000 SF |
| Property Subtype | Apartment | Average Occupancy | 40% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1950/2013 |
| Zoning | Mixed Use | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 16,000 SF |
| Average Occupancy | 40% |
| No. Stories | 3 |
| Year Built/Renovated | 1950/2013 |
| Zoning | Mixed Use |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
About 632-634 MARTIN LUTHER KING BLVD , NEWARK, NJ 07102
This is a mixed use residential and commercial building with 14 residential units, an additional unit leased by the YMCA and 4 commercial units. This property is a very lucrative rental income generator in the heart of Downtown Newark, NJ which is under going major revitalization. This property is minutes away from Rutgers-Newark, Essex County College, NJIT, the Newark Penn Station which leads through out New Jersey and New York and also highways, Route 21, Route 22, Interstate 280 and the New Jersey Turnpike. This property has 10-1 bedroom units and 4-2 bedroom units with the additional unit with 1 bedroom. Owner pays for the Heat and Water and Tenants pay for the Electric. The property potentially has a 7% plus cap.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
| 2+2 | 4 | - | - |
Property Taxes
| Parcel Number | 14-00103-0000-00041 | Improvements Assessment | $1,243,200 |
| Land Assessment | $56,800 | Total Assessment | $1,300,000 |
Property Taxes
Parcel Number
14-00103-0000-00041
Land Assessment
$56,800
Improvements Assessment
$1,243,200
Total Assessment
$1,300,000
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
