Properties

Description

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 )

Features

  • Heating System : 1 Unit
  • Basement : Full, Walkout, Finished-partially, Bilco-style Door
  • Roof Deck : Asphalt Shingle
  • Parking : 6
  • Parking Description: 2 Car Width, Additional Parking, Blacktop, Drivewa
  • Interior Features: Fire Extinguisher, High Ceilings, Smoke Detector,
  • Exterior Features: Curbs, Sidewalk
  • Lot Description: Level Lot
  • Tax Assessed Valuation: 212700
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Gas In Street
  • Internet

Additional Info

  • Office Name: COLDWELL BANKER REALTY
  • Office MLS ID: 002497
  • Agent ID: 287230
  • Tax: 7929
  • Tax Year: 2023
  • Application Fee: $0
  • Zoning: Residential

Multi-Family For Sale

For Sale
$650,000

129 Carolina Ave, Newark City, *

  • SQFT 45 Acre
  • Bedroom 6
  • Built Year 1944

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5329845
  • Price: $650,000
  • Bedrooms: 6
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1944
  • Year Built Description: Approximate
  • Lot Area: 45 Acre
  • Status: Active
  • Days On Market: 1

Contact Agent

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Subdivision: Residential
  • Street: Carolina Ave
  • Street Number: 129
  • Street Direction: Carolina Ave
  • Floor Number: 0
  • Longitude: W75° 46' 25.9''
  • Latitude: N40° 44' 16.4''
  • Internet Display Address: Yes
Property