About 530 Court St
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!
