127-129 Grafton Ave Active Save Request In-Person Tour Request Virtual Tour
Newark City,NJ 07104
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3894790
Year Built 1900
Annual Tax Amount $14,449
Tax Year 2023
Lot Size 5,662 Sqft
Property 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.
Location
State NJ
County Essex
Zoning Residential
Interior
Heating Gas-Natural
Cooling 3 Units, Central Air, Window A/C(s)
Flooring Carpeting, Tile, Vinyl-Linoleum, Wood
Equipment Smoke Detector
Exterior
Exterior Feature Brick/Block
Utilities Available Gas In Street
Roof Type Flat
Building
Story 3
Sewer Public Sewer
Water Public Water