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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 | 12/26/2024 |
|---|---|---|---|
| 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
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*Estimate only
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Listed with COLDWELL BANKER REALTY
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