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Rain Rosenfeld

rain@rainluxuryliving.com +1(201) 375-8300

$ 650,000

Est. payment -/mo

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Active

129 Carolina Ave Newark City, NJ 07106

6 Beds

4 Baths

3,990 SqFt

UPDATED:

10/06/2024 05:35 PM

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

Listed by COLDWELL BANKER REALTY

Rain Rosenfeld

Broker Associate | Team Leader

+1(201) 375-8300

Rain Rosenfeld

129 Carolina Ave Newark City, NJ 07106

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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129 Carolina Ave