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129 Carolina Ave

Newark City, NJ 07106
  • $650,000
  • STATUS: Active
  • ON SITE: 35 Days
  • MLS #: 3927681
$650,000
  • 6
    BEDS
  • 0.1
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,990
    SQFT
  • $163
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1944
County:
Area:

School Ratings & Info

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 )

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-11-08T23:46:42.09.
www.trompeterrealestate.com/homes/156323586
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129 Carolina Ave Newark City, NJ 07106

  • Price: $650,000
  • Status: Active
  • On Site: 35 Days
  • MLS #: 3927681
6
Beds
4
Baths
0
½ Baths
0.1
Acres
3,990
SQFT
$163
$/SQFT
1944
Built
Neighborhood:
residential
County:
Essex
Area:
Newark City
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 )
Exterior Features

Approximate Lot Size 45X100 Exterior Description Aluminum SidingBrick Exterior Features CurbsSidewalk Lot Description Level Lot Number Of Parking Spaces 6 Parking Driveway Description 2 Car WidthAdditional ParkingBlacktopDriveway-ExclusiveOff-Street Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Bilco-Style DoorFinished-PartiallyFullWalkout Cooling None Heating 1 Unit Interior Features Fire ExtinguisherHigh CeilingsSmoke DetectorTile FloorsWood Floors Total Number Of Rooms 18 Unit1 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasRefrigeratorSmoke Detector Unit1 Baths 1.0 Unit1 Bedrooms 1 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsDining RoomEat-In KitchenKitchenLiving Room Unit1 Rooms 4 Unit1 Security Deposit 1 Unit1 Sq Ft 997 Unit2 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasRefrigeratorSmoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 1 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsDining RoomEat-In KitchenKitchenLiving Room Unit2 Rooms 4 Unit2 Sq Ft 997 Unit3 Baths 1.0 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsDining RoomEat-In KitchenKitchenLiving/Dining Room Unit3 Rooms 5 Unit3 Sq Ft 997 Unit4 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasRefrigeratorSmoke Detector Unit4 Baths 1.0 Unit4 Bedrooms 2 Unit4 Fireplaces 0 Unit4 Levels 1 Unit4 Room Description BedroomsDining RoomEat-In KitchenKitchenLiving/Dining Room Unit4 Rooms 5 Unit4 Sq Ft 997

Property Features

Assessment Total 212700 Building Assessment 190200 Easement No Fha Age Restricted No Fuel Type ElectricGas-Natural Gross Operating Income 1 Land Assessment 22500 Net Operating Income 1 Services Cable TV Available Sewer Public Sewer Tax Amount 7929 Tax Rate Amount 3.728 Tax Rate Year 2023 Tax Year 2023 Total Operating Expense 1 Unit Style Fourplex Unit1 Owner Tenant Pays Owner Pays GasOwner Pays WaterTenant Pays Electric Unit1 Rent 1 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays GasOwner Pays WaterTenant Pays Electric Unit2 Rent 1 Unit2 Security Deposit 950 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays GasOwner Pays WaterTenant Pays Electric Unit3 Rent 1 Unit3 Security Deposit 2700 Unit4 Handicap Modified No Unit4 Owner Tenant Pays Owner Pays GasOwner Pays WaterTenant Pays Electric Unit4 Rent 1 Unit4 Security Deposit 2030 Utilities Gas In Street Water Public Water Water Heater ElectricGas Year Built Description Approximate Zoning Residential

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of COLDWELL BANKER REALTY: 908-422-8621.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-11-08T23:46:42.09.
 
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