Property
Newark City, NJ 07104 127-129 Grafton Ave
$1,200,000
Pending
21 more
Presented By: COCCIA REALTY BHGRE; 201-997-7000
Home Details
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.
Presented By: COCCIA REALTY BHGRE; 201-997-7000
Interior Features for 127-129 Grafton Ave
Bathrooms
Num Units w/Full Bath6
Num Units w/Half Bath
Half Baths
Other Interior Features
Price Per Sq Ft0.00
Available Sq Ft0
Num 3 Bdrm Units5
Num 2 Bdrm Units1
BasementUnfinished
FlooringCarpeting, Tile, Vinyl-Linoleum, Wood
Fuel TypeGas-Natural
Total Stories3
General for 127-129 Grafton Ave
ConstructionBrick/Block
Cooling3 Units, Central Air, Window A/C(s)
CountyEssex
Days on Market59
DirectionsBetween Broadway and Summer Avenue
Documents AvailableSurvey
DriveParking Lot-Exclusive
EasementUnknown
Equipment AvailableSmoke Detector
Heating4+ Units
Leasable Area
LocationResidential Area
Num Apts6
NumberOfUnitsTotal6
Percent OwnershipFee Simple
Permitted UseApartments
PossessionTBA
Property TypeSee Remarks
Property TypeSee Remarks
RoofFlat
SewerPublic Sewer
Standard StatusUnder Contract
StatusUnder Contract
Street NameGrafton Ave
Tax Annual Amount14449
Tax Assessed Value387600
Tax Lot40
Tax Year2023
Town #1614
TownshipNewark City
UtilitiesGas In Street
Year Built1900
ZoningResidential
Exterior for 127-129 Grafton Ave
Building Area Total
Exterior DescriptionBrick/Block
Lot Dimensions43X128.4
Lot Size Acres0.13
Max Ceiling Height9
Max Door Height6
Number of Bays0
Number of Docks0
Water SourcePublic Water
Additional Details
Price History
YOLANDA CASSIDY-BOGAN
Associate