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127-129 Grafton Avenue , Newark, NJ 07104

$1,200,000

Detail

  • Property ID: 24010253
  • Price: $1,200,000
  • Year Built: 1900-1939
  • Property Type: 5+ Family/Mixed Use
  • Property Status: Mixed Use

Description

6 Family home with parkling for approx 8 cars. Solid all-brick building fully rented in good condition. Great investment opportunity. Features 5-3 bedroom 1 bath apartments and 1-2-bedroom 1 bath apartment. All have eat-in-kitchens & living room. 2 coin-operated washer/dryers for added income. Roof is approx 10 years old. Landlord provides heat for 3 units, 3 units have separate heat/central ac. Each tenant pays own hot water, cooking gas & electric. 5 apts have leases expiring July 31, 2024. Rent amounts: 1R-$1,163 1L-$1,417 – 2R-$1,560 – 2L-$1,417 – 3R $1,184 (m/m)- 3L-$1,388. Gross Income: $97,588 yearly – Laundry Income: Between $1,200 – Expenses: $7,000 (heat and electricity) Water: $4,700 Insurance: $6,445 yearly Maintenance: $2,040 (garbage and snow removal). Exterminator: $1,200 yearly – Boiler Worry free program – $1440 Year. Total Expense $35K Approx Net $64K.

  • Address: 127-129 Grafton Avenue
  • City: Newark
  • State/county: ESSEX / NJ
  • Zip/Postal Code: 07104
  • Country: United States

Listing provided by Coccia Realty Better Homes & Gardens

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Prominent Properties Sotheby's International Realty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Last date updated: 2024-11-12 2:00 PM. Source: New Jersey Multiple Listing Service, Inc.

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