129 Carolina Ave

Newark, New Jersey 07106

  • 6 Bed(s)
  • 4 Bath(s)
  • 3,990 Sqft
  • 0.1
    Acre(Lot)
$650,000

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 )

  • Property Type

    Multi Family

  • County

    Essex

  • Style

    Fourplex

  • AD ID

    47762731

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Property Details

  • Interior Features

    • Fire Extinguisher, High Ceilings, Smoke Detector, Tile Floors, Wood Floors

    Utilities

    • Gas In Street

    Heating & Cooling

    • Heating: 1 Unit
    • Cooling: None

  • Building Information

    • Year Built: 1944
    • Construction: Aluminum Siding, Brick
    • Roof: Asphalt Shingle

    Exterior Features

    • Curbs, Sidewalk

  • Lot Information

    • Lot Dimensions: 45X100
    • Lot Size (Acres): 0.10
    • Level Lot

    Property Information

    • Subdivision: Residential

  • Listing Information

    • Possession: Y

  • Tax Information

    • Tax ID: 1614-04043-0001-00066-0000-
    • Tax Year: 2023
    • Parcel Number: 1614-04043-0001-00066-0000-
    • Taxes : 7,929

  • Parking Information

    • Open Parking Space: 6
    • Parking Features: 2 Car Width, Additional Parking, Blacktop, Driveway-Exclusive, Off-Street Parking

  • Utility Information

    • Gas In Street
    • Water Source : Public Water
    • Water Heater : Electric, Gas
    • SEWER : Public Sewer

    Location Information

    • Direction: Carolina Ave
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BuyOwner last updated this listing 12/22/2024 @ 06:41

  • MLS: 3935741
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Garden State MLS - New Jersey

is a Multifamily, with 6 bedrooms which is for sale, it has 3,990 sqft, 0 sized lot, and 0 parking. A comparable Multifamily, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Newark , in zip code 07106, this Essex County Multifamily are nearby neighborhoods.