Properties

Description

Welcome to 84 Mill St in Newton, NJ! This recently renovated two-family home offers a fantastic opportunity for homeowners and investors alike. Located conveniently in town, it is close to schools, shopping, and essential services, providing easy access to everyday needs. The property generates an impressive $61,000. in annual gross rental income, making it an attractive investment. Each unit has been thoughtfully updated, and the home boasts a large private yard perfect for outdoor enjoyment. Ample multi-car parking adds to its convenience. Whether you're looking for a great investment property or a comfortable place to call home with rental income potential, this property checks all the boxes! Home back on the Market. Buyer could not perform. Excellent income with GOI at $61,200 per year. Estimated NOI at $48,900 = 8% Cap Rate. and 116.66 Gross Rent Multiplier.

Features

  • Heating System : Baseboard - Electric
  • Basement : Bilco-style Door
  • Roof Deck : Asphalt Shingle
  • Parking : 9
  • Parking Description: Parking Lot-Shared
  • Exterior Features: Open Porch(es)
  • Tax Assessed Valuation: 405800
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural
  • Internet

Additional Info

  • Office Name: RE/MAX PLATINUM GROUP
  • Office MLS ID: 6014
  • Agent ID: 402573
  • Tax: 11066
  • Tax Year: 2024
  • Application Fee: $0
  • Zoning: T-4

Multi-Family For Sale

For Sale
$595,000

84 Mill St, Newton Town, *

  • SQFT 0.92 Acre
  • Bedroom 5
  • Built Year 1810

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5328624
  • Price: $595,000
  • Bedrooms: 5
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1810
  • Year Built Description: Standing
  • Lot Area: 0.92 Acre
  • Status: Active
  • Days On Market: 116

Contact Agent

Map

Address Map

  • Country US
  • County Sussex
  • City Newton Town
  • Zipcode *
  • Street: Mill St
  • Street Number: 84
  • Street Direction: Rt 206 into Newton and turn onto Mill St.
  • Building Name: 1
  • Floor Number: 0
  • Longitude: W75° 14' 40.2''
  • Latitude: N41° 3' 49.9''
  • Unit Number: 2
  • Internet Display Address: Yes
Property