NJ > Newark City > Residential
Newark City, NJ 07106,129 Carolina Ave
Newark City, NJ 07106,129 Carolina Ave
Newark City, NJ 07106,129 Carolina Ave
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$650,000
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6 BD
4 BA
3,990 SqFt
Under Contract

129 Carolina Ave Newark City, NJ 07106

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Amado Rondon Moreno

Amado Rondon Moreno

+1(973) 847-6417

UPDATED:

11/14/2024 07:51 AM

Key Details

Property Type Multi-Family, Commercial

Listing Status Under Contract

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

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by COLDWELL BANKER REALTY

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Amado Rondon Moreno

Agent | License ID: 2296751

+1(973) 847-6417

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129 Carolina Ave