129 Carolina Ave
Newark City, NJ 07106
6 beds | #3935741
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 )
Interior Details
- InteriorFire Extinguisher, High Ceilings, Smoke Detector, Tile Floors, Wood Floors
Heating & Cooling
- Heating SourceElectric, Gas-Natural
- Heating1 Unit
Beds & Baths
- Bedrooms6
Property Details
- Exterior MaterialsAluminum Siding, Brick
- Exterior FeaturesCurbs, Sidewalk
Parking
- Parking Features2 Car Width, Additional Parking, Blacktop, Driveway-Exclusive, Off-Street Parking
- Parking TypeDriveway
Construction Details
- Basement DescriptionBilco-Style Door, Finished-Partially, Full, Walkout
- Property TypeMulti-Family
- BasementYes
Condition
- Year Built1944
Material information
- RoofAsphalt Shingle
Utilities / Energy Details
- ServicesCable TV Available
- Utility FeaturesGas In Street
- Water HeaterElectric, Gas
- Sewer InformationPublic Sewer
- WaterPublic Water
Community and Neighborhood Details
- SubdivisionResidential
Other
- MLS #3935741
Location
Legal
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State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as
IDX Listing. Information deemed reliable but not guaranteed. 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.
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Last Updated: . Source: GSMLS
Listing Courtesy
Listing Agent: MARVIN WILLIAMS (#287230), Phone: (908) 422-8621
Listing Office: COLDWELL BANKER REALTY (#002497)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
