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Description

6 Family home with parkling for approx 8 cars. Solid all-brick building fully rented in good condition. Great investment opportunity. Features 5-3 bedroom 1 bath apartments and 1-2-bedroom 1 bath apartment. All have eat-in-kitchens & living room. 2 coin-operated washer/dryers for added income. Roof is approx 10 years old. Landlord provides heat for 3 units, 3 units have separate heat/central ac. Each tenant pays own hot water, cooking gas & electric. 5 apts have leases expiring July 31, 2024. Rent amounts: 1R-$1,163 1L-$1,417 - 2R-$1,560 - 2L-$1,417 - 3R $1,184 (m/m)- 3L-$1,388. Gross Income: $97,588 yearly - Laundry Income: Between $1,200 - Expenses: $7,000 (heat and electricity) Water: $4,700 Insurance: $6,445 yearly Maintenance: $2,040 (garbage and snow removal). Exterminator: $1,200 yearly - Boiler Worry free program - $1440 Year. Total Expense $35K Approx Net $64K.

Features

Heating System : 4+ Units
Cooling System : 3 Units, Central Air, Window A/c(s)
Basement : Unfinished
Roof Deck : Flat
Furnished : Tile, Wood, Carpeting, Vinyl-linoleum
Tax Assessed Valuation: 387600
Sewer: Public Sewer
Water: Public Water

Appliances

Utilities: Gas In Street

Additional Info

Office Name: COCCIA REALTY BHGRE
Office MLS ID: 0404
Agent ID: 247679
Tax: 14449
Tax Year: 2023
Application Fee: $0
Zoning: Residential

Commercial For Sale

For Sale

$1,200,000

127 Grafton Ave, Newark City, *

43 Acre
Built Year 1900

Details

Property Type: Commercial
Listing Type: For Sale
Listing ID: 5279025
Price: $1,200,000
Bedrooms: 0
Bathrooms: 0
Half Bathrooms: 0
Square Footage: 0 Sqft
Year Built: 1900
Year Built Description: Approximate
Lot Area: 43 Acre
Status: Active
Days On Market: 119

Contact Agent

Email:

wp@applicationx.net

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Map

Address Map

Country US
County Essex
City Newark City
Zipcode *
Street: Grafton Ave
Street Number: 127
Street Direction: Between Broadway and Summer Avenue
Floor Number: 0
Longitude: W75° 50' 17.4''
Latitude: N40° 46' 35''
Internet Display Address: No