129 Carolina Ave Active Save Request In-Person Tour Request Virtual Tour
Newark City,NJ 07106
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,990 sqft
Price per Sqft $162
Subdivision Residential
MLS Listing ID 3927681
Style Fourplex
Bedrooms 6
Full Baths 4
Year Built 1944
Annual Tax Amount $7,929
Tax Year 2023
Lot Size 4,356 Sqft
Property 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 )
Location
State NJ
County Essex
Zoning Residential
Rooms
Basement Bilco-Style Door, Finished-Partially, Full, Walkout
Interior
Interior Features Fire Extinguisher, High Ceilings, Smoke Detector, Tile Floors, Wood Floors
Heating Electric, Gas-Natural
Cooling None
Heat Source Electric, Gas-Natural
Exterior
Exterior Feature Aluminum Siding, Brick
Utilities Available Gas In Street
Roof Type Asphalt Shingle
Parking Type 2 Car Width, Additional Parking, Blacktop, Driveway-Exclusive, Off-Street Parking
Building
Lot Description Level Lot
Sewer Public Sewer
Water Public Water
Architectural Style Fourplex
Others
Senior Community No