Deborah Brzezynski - Coldwell Banker Hearthside
49 Warwick St #0
Newark City, NJ 07105

Description

Mixed us, property 3 apartments and 1 store, 1 parking space. 1st floor store being used as hair stylish with lease expiring October 2019, rent 1,870.00 Rear, 1 bedrooms studio rent $775.00. 2nd floor 2 bedrooms, living room, bathroom, eat in kitchen rent $1,100.00. 3rd floor 2 bedrooms, living room, bathroom, eat in kitchen, rent $1,100.00. Total month $4,875.00. Four hot water tanks, 4 heat units hot water baseboard, 5 feet basement with utility room. Estimated gross income $58,140.00. Expenses $18,000 net operating income $40,000 (estimated). Current asking price at 6.5% cap rate. Not a short sale, good property for 1031 exchange.

Details

MLS#3456533
StyleIndustrial
Sub-TypeResale
StatusActive
Year9999
Days On Site233

Features

Story(s)3
Units4
Zoningmix use

Additional Information

Annual Tax Amount12460
Assesed Tax Valuation350000
Tax ID3.560
Tax Rate2017

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Area Information

StateNJ
CountyEssex
CityNewark City
Zip Code07105
AreaEssex
Listing VS Median (in 07105)
Price:
$599,000
low | high
Med:
$330,000
94.908180300501% of Average
On Site:
233
low | high
Med:
61.5
100% of Average
Listing Updated: 11/14/2018
MLS Number: 3456533
Listing Provided By:
COSTA ANTONIO  of  EXIT REALTY LUCKY ASSOCIATES