Listing Courtesy of: 908-422-8621 - MARVIN WILLIAMS - COLDWELL BANKER REALTY
973-378-8300
$650,000
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129 CAROLINA AVE Newark, NJ 07106
Multi-Family
Residence
6
Beds
4
Baths
3,990
Sq. Ft.
0.1
Acre
Lot
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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 inc...ome. 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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MLS#
3927681
Property Type
Multi-Family
Bedrooms
6
Bathrooms
4 Full
Year Built
1944
Square Feet
3,990
sq. ft
Lot Size
0.1
Sewer
Public Sewer
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