530 Court Street

Elizabeth Port, NJ 07206

$699,500
Price
7
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Turnkey multi family with significant income potential and outstanding amenities situated in the city of Elizabeth. With 5 short term accommodation units generating between $10,000 to $14,000 per month with a management team in place. Daily rental 3 bed $150-211 & 1bed/studio $75-120 per night. Long term rental 2 x 3 bed $2500-3000, 1 bed $1500 & studio $1100-1400 estimated month rental $7600-$10300. Whether you're looking to live mortgage free, expand your portfolio or generate passive income, this...Turnkey multi family with significant income potential and outstanding amenities situated in the city of Elizabeth. With 5 short term accommodation units generating between $10,000 to $14,000 per month with a management team in place. Daily rental 3 bed $150-211 & 1bed/studio $75-120 per night. Long term rental 2 x 3 bed $2500-3000, 1 bed $1500 & studio $1100-1400 estimated month rental $7600-$10300. Whether you're looking to live mortgage free, expand your portfolio or generate passive income, this property is an excellent choice. Each apartment is meticulously designed with outstanding luxury finishes, offering tenants or guests a modern and comfortable living experience. Bright floors and abundant natural light create an inviting atmosphere throughout and spacious garden perfect for entertaining. The property features a variety of unit layouts, including three 3-bedroom, 1-bathroom apartments on the 1st and 2nd floors, a 1-bedroom apartment on the 3rd floor, and two studio apartments in the basement. Enjoy the convenience of dedicated laundry facilities, ample storage space, Wi-Fi connectivity, 24-hour camera security, and smart locks, ensuring both guest or tenant satisfaction and ease of management. Nestled in a vibrant neighborhood, this property enjoys proximity to Newark Airport & Port, making it an ideal choice for travelers. Additionally, it provides easy access to schools, parks, Jersey Gardens Mall, and a convenient commute to New York City. 2022 taxes under 7k!
  1. Listed by DARRELL BAILEY • EXP REALTY, LLC
  2. Listed by RAEEMAH REDD • EXP REALTY, LLC

Property Details for 530 Court Street

Directions
Trumbull St to East 6th St to Court St.
Days On Market
21

Open Houses

Sunday, May 5th

12:00 PM - 4:00 PM

PublicView Details

Location

Listing Courtesy of EXP REALTY, LLC, DARRELL BAILEY; EXP REALTY, LLC, RAEEMAH REDD
Add your commute
LISTING UPDATED: 04/29/2024 05:52 PM

Property Details for 530 Court Street

StatusActive
MLS #3894886
Days on Market26
Taxes$6,800 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built1930
Lot Size0.06 AC / 2,613 SF
CountyUnion County

Location

Listing Courtesy of EXP REALTY, LLC, DARRELL BAILEY; EXP REALTY, LLC, RAEEMAH REDD
Add your commute

Building Information for 530 Court Street

Stories-Residences2Year Built1930Building Size-Lot Size0.06 AC / 2,613 SF

Payment Calculator

$4,384 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,817

Property Taxes

$567

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 530 Court Street

Summary
Location and General Information
  • Zoning: R2
  • Active Days on Market: 21
  • Renovated Year: 2022
  • County #: Union
  • Town Name: Elizabeth City
  • Block Identifier: 669
  • Listing Type: Exclusive Right to Sell
  • Color of Building: Blue/White
  • Town #: 2904.0
  • Street # Display: 530.0
  • # Parking Spaces: 0
  • County Or Parish: Union
  • Street Name: Court St
  • Zip Code: 07206-1353
  • Total Units: 2
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $6,800
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Assessment Total: 21800.0
  • Tax ID For Property: 2904-00669-0000-00009-0000-
  • Tax Rate Amount: $31
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2022
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: On-Street Parking
  • # Garage Spaces: 0
  • Garage Description: None
Property
Lot Information
  • Lot Description: Level Lot
  • Lot Identifier: 9
  • Approximate Lot Size: 25X100
  • Total Acres: 0.06
  • Construction Date/Year Built: 1930
  • Construction Date/Year Built Des: Renovated
Property and Assessments
  • Assessment Bldg: 16400.0
  • Assessment Land: 5400.0
  • Attorney Review in Progress: *
  • Farm Assessment: No
Utilities
  • Cooling: Window A/C(s)
  • Utilities: All Underground
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 2 Units, Baseboard - Hotwater, Radiators - Steam
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Stucco, Vinyl Siding
  • Exterior Features: Deck, Vinyl Fence
Interior Features
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Finished, Full
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Microwave Oven, Range/Oven - Gas, Refrigerator, See Remarks, Smoke Detector
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 3
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 9999.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room, See Remarks, Storage
  • Unit 1 Rooms: 6.0
  • Unit 1 Security Deposit: 9999.0
  • Unit 1 Sq Ft: 9999.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Microwave Oven, Range/Oven - Gas, Refrigerator, See Remarks, Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 9999.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room, Porch, See Remarks, Storage
  • Unit 2 Rooms: 6.0
  • Unit 2 Security Deposit: 9999.0
  • Unit 2 Sq Ft: 9999.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Microwave Oven, Range/Oven - Gas, Refrigerator, See Remarks, Smoke Detector
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 1
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Levels: 1.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room, See Remarks
  • Unit 3 Rooms: 3.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $9,999.00
  • Net Operating Income: $999.00
  • Gross Operating Income: $9,999.00
Rental
Rental Information
  • Home Warranty: false

Property History for 530 Court Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 530 Court Street

Taxable ValueLand$5,400Additions$16,400Total$21,800
Tax Record2022$6,666 ($556 / month)
Home Facts
Total Finished SqFt2,040 SqFtAbove Grade Finished SqFt2,040 SqFtLot Size2,500 SqFtStyleDuplexYear Built1914CountyUNIONAPN04 00669-0000-00009

Schools near 530 Court Street

This home is within Elizabeth Public School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - K to 8
Public - K to 8
Rating
School
Distance
Number 20, John Marshall Elementary School
PublicK to 8

Elizabeth High School
Public9 to 12

Jerome Dunn Academy No 9
PublicK to 8

REP ACADEMY SCHOOL NO.8
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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530 Court Street is a multi-family home for sale in Elizabeth Port, NJ 07206. This property was listed for sale on April 8, 2024 by EXP REALTY, LLC, it's currently listed at $699,500. It has been on the market for a total of 26 days and was last sold on October 18, 2022. This listing's school district is Elizabeth Public School District. Nearby schools include Number 20, John Marshall Elementary School, Elizabeth High School and Jerome Dunn Academy No 9. 530 Court Street is a 7-bed, 5-bath, multi-family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP REALTY, LLC, DARRELL BAILEY; EXP REALTY, LLC, RAEEMAH REDD

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 05/03/2024 11:17 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.