Twitter
Facebook
Email
|
Well-maintained 4-family investment property offering a total of 6 bedrooms and 4 bathrooms. An impressive floor plan spanning approx 3,990 sqft is extremely spacious allowing for both 1-bedroom units to be easily converted into 2-bedroom units, providing excellent potential for increased rental income. The potential annual rental income for this property is $88,000, with annual taxes amounting to $7,929. This results in a net annual income of $80,071 before utilities and debt servicing charges. Currently, the rent roll is approximately $68,616 annually. Property has hardwood floors throughout and comes with newer roofing, furnace and windows. Basement is full size, standing height and amazing with unlimited potential. This is a commuter's delight, conveniently located near a NYC bus stop, 5 Minutes' drive to NYC train station, 15 minutes from Newark Liberty Airport, and close to major highways and shopping malls. ( Conventional loans only )
| DAYS ON MARKET | 1 | LAST UPDATED | 10/4/2024 |
|---|---|---|---|
| TRACT | Residential | YEAR BUILT | 1944 |
| COMMUNITY | Newark | COUNTY | Essex |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| APPLIANCES | Electric Water Heater, Gas Water Heater |
|---|---|
| AREA | Newark |
| BASEMENT | Full, Partially Finished, Walk-Out Access, Yes |
| CONSTRUCTION | Aluminum Siding, Brick |
| HEAT | Electric, Natural Gas |
| LOT | 4356 sq ft |
| LOT DESCRIPTION | Level |
| PARKING | Off Street |
| SEWER | Public Sewer |
| STYLE | Fourplex |
| SUBDIVISION | Residential |
| TAXES | 7929 |
| UTILITIES | Cable Available |
| WATER | Public |
| ZONING | Residential |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for VMC
Management to contact you even if your name is on a Federal or State
"Do not call List".
Listed with COLDWELL BANKER REALTY
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.
Information deemed reliable but not guaranteed.
Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
This IDX solution is (c) Diverse Solutions 2024.
