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216 Sunset Ave

Newark City, NJ 07106
  • $679,000
  • STATUS: Active Under Contract
  • ON SITE: 421 Days
  • MLS #: 3774371
Under Contract
UPDATED: 64 min ago
$679,000
  • 8
    BEDS
  • 0.11
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1953
County:
Essex
Area:
Newark City

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Description

Income producing legal 4 family in Newark! Cap rate at asking is over 5%. PNL is located in the docs section. Separate utilities. Three units are 2bed/1bath and one unit is 3bed/1bath. Parking for 6 located in rear of building.

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Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Michele Klug Team | Keller Williams Towne Square Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than The Michele Klug Team | Keller Williams Towne Square Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-06-04T16:46:19.947.
www.micheleklug.com/homes/127529609
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216 Sunset Ave Newark City, NJ 07106

  • Price: $679,000
  • Status: Active Under Contract
  • On Site: 421 Days
  • Updated: 64 min ago
  • MLS #: 3774371
8
Beds
4
Baths
0
½ Baths
0.11
Acres
1953
Built
County:
Essex
Area:
Newark City
Property Description
Income producing legal 4 family in Newark! Cap rate at asking is over 5%. PNL is located in the docs section. Separate utilities. Three units are 2bed/1bath and one unit is 3bed/1bath. Parking for 6 located in rear of building.
Exterior Features

Approximate Lot Size 50X100 Exterior Description BrickVinyl Siding Number Of Parking Spaces 6 Parking Driveway Description Driveway-Exclusive Roof Description See Remarks

Interior Features

Basement Yes Basement Description Unfinished Cooling Window A/C(S) Heating Radiant - Hot Water Total Number Of Rooms 12 Unit1 Appliances Equipment Carbon Monoxide DetectorMicrowave OvenRange/Oven - GasRefrigeratorSmoke Detector Unit1 Baths 1.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsEat-In KitchenLiving Room Unit1 Rooms 4 Unit1 Security Deposit 1950 Unit1 Sq Ft 725 Unit2 Appliances Equipment Carbon Monoxide DetectorMicrowave OvenRange/Oven - GasRefrigeratorSmoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsEat-In KitchenLiving Room Unit2 Rooms 4 Unit2 Sq Ft 725 Unit3 Baths 1.0 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsEat-In KitchenLiving Room Unit3 Rooms 4 Unit3 Sq Ft 725 Unit4 Appliances Equipment Carbon Monoxide DetectorMicrowave OvenRange/Oven - GasRefrigeratorSmoke Detector Unit4 Baths 1.0 Unit4 Bedrooms 3 Unit4 Fireplaces 0 Unit4 Levels 1 Unit4 Room Description BedroomsEat-In KitchenLiving Room Unit4 Rooms 4 Unit4 Sq Ft 725

Property Features

Assessment Total 330100 Building Assessment 308100 Easement No Expenses Include Cold WaterGasInsuranceTaxes Farm Assessment No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 62400 Home Warranty No Land Assessment 22000 Net Operating Income 42700 Sewer Public Sewer Tax Amount 12543 Tax Rate Amount 3.734 Tax Rate Year 2021 Tax Year 2021 Total Operating Expense 21500 Unit Style 2-Two StoryDuplex-Side By Side Unit1 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays HeatTenant Pays Water Unit1 Rent 1400 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays HeatTenant Pays Water Unit2 Rent 1400 Unit2 Security Deposit 1950 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays HeatTenant Pays Water Unit3 Rent 1250 Unit3 Security Deposit 1875 Unit4 Handicap Modified No Unit4 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays HeatTenant Pays Water Unit4 Rent 1300 Unit4 Security Deposit 1950 Utilities Gas In Street Water Public Water Water Heater Gas Year Built Description Approximate

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Coldwell Banker Realty Ten: 724-622-6838.


Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Michele Klug Team | Keller Williams Towne Square Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than The Michele Klug Team | Keller Williams Towne Square Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-06-04T16:46:19.947.
 
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The Michele Klug Team | Keller Williams Towne Square Realty
222 Mt Airy Rd
Basking Ridge NJ, 07920