NJ > Newark City
Newark City, NJ 07104,127-129 Grafton Ave
Newark City, NJ 07104,127-129 Grafton Ave
Newark City, NJ 07104,127-129 Grafton Ave
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$1,200,000
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5,662 Sqft Lot
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127-129 Grafton Ave Newark City, NJ 07104

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Isaac De Castro

Isaac De Castro

+1(646) 626-7901

UPDATED:

10/10/2024 02:27 PM

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

Rooms

Basement Unfinished

Interior

Heating Gas-Natural

Cooling 3 Units, Central Air, Window A/C(s)

Flooring Carpeting, Tile, Vinyl-Linoleum, Wood

Equipment Smoke Detector

Heat Source Gas-Natural

Exterior

Exterior Feature Brick/Block

Utilities Available Gas In Street

Roof Type Flat

Parking Type Parking Lot-Exclusive

Building

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

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 COCCIA REALTY BHGRE

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Isaac De Castro

Real Estate Advisor | 3561456; 1750974; 10401278264

+1(646) 626-7901

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