Property
Newark City, NJ 07106 129 Carolina Ave
$650,000
Presented By: COLDWELL BANKER REALTY; 908-422-8621
Beds • 6
Baths • 4
SQFT • 3,990
Home Details
Well-maintained 4-family investment property offering a total of 6 bedrooms and 4 bathrooms. An impressive floor plan spanning approx 3,990 sqft is extremely spacious allowing for both 1-bedroom units to be easily converted into 2-bedroom units, providing excellent potential for increased rental income. The potential annual rental income for this property is $88,000, with annual taxes amounting to $7,929. This results in a net annual income of $80,071 before utilities and debt servicing charges. Currently, the rent roll is approximately $68,616 annually. Property has hardwood floors throughout and comes with newer roofing, furnace and windows. Basement is full size, standing height and amazing with unlimited potential. This is a commuter's delight, conveniently located near a NYC bus stop, 5 Minutes' drive to NYC train station, 15 minutes from Newark Liberty Airport, and close to major highways and shopping malls. ( Conventional loans only )
Presented By: COLDWELL BANKER REALTY; 908-422-8621
Interior Features for 129 Carolina Ave
Bedrooms
Total Bedrooms6
Unit 1 Beds Total1
Unit 2 Beds Total1
Unit 3 Beds Total2
Unit 4 Beds Total2
Bathrooms
Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0
Unit 4 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft997
Unit 2 Sq Ft997
Unit 3 Sq Ft997
Unit 4 Sq Ft997
Unit 1 Levels1
Unit 2 Levels1
Unit 3 Levels1
Unit 4 Levels1
UnitType1TotalRent1
UnitType2TotalRent1
UnitType3TotalRent1
Unit 4 Fireplaces0
Unit 4 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 3 Fireplaces
Unit 3 Handicap ModifiedNo
Unit 4 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 2 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 3 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
BasementBilco-Style Door, Finished-Partially, Full, Walkout
Fuel TypeElectric, Gas-Natural
Other Rooms
Unit 4 Rooms5
Unit 2 Rooms4
Unit 1 Rooms4
Unit 3 Rooms5
Unit 3 Room DescriptionBedrooms, Dining Room, Eat-In Kitchen, Kitchen, Living/Dining Room
Unit 1 Room DescriptionBedrooms, Dining Room, Eat-In Kitchen, Kitchen, Living Room
Unit 2 Room DescriptionBedrooms, Dining Room, Eat-In Kitchen, Kitchen, Living Room
Unit 4 Room DescriptionBedrooms, Dining Room, Eat-In Kitchen, Kitchen, Living/Dining Room
General for 129 Carolina Ave
Architectural StyleFourplex
CoolingNone
CountyEssex
Days on Market
DirectionsCarolina Ave
Drive2 Car Width, Additional Parking, Blacktop, Driveway-Exclusive, Off-Street Parking
EasementNo
Exterior FeaturesCurbs, Sidewalk
Full Baths4
Garage Spaces
Gross Income1
Heating1 Unit
Interior FeaturesFire Extinguisher, High Ceilings, Smoke Detector, Tile Floors, Wood Floors
Net Operating Income1
NumberOfUnitsTotal4
Open Parking Spaces6
Operating Expense1
PossessionY
RoofAsphalt Shingle
ServicesCable TV Available
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameResidential
Tax Annual Amount7929
Tax Assessed Value212700
Tax Lot66
Tax Year2023
Total Rooms18
Town #1614
TownshipNewark City
UtilitiesGas In Street
Water HeaterElectric, Gas
Year Built1944
ZoningResidential
Exterior for 129 Carolina Ave
Building Area Total3990
Exterior DescriptionAluminum Siding, Brick
Lot Dimensions45X100
Lot FeaturesLevel Lot
Lot Size Acres0.10
Water SourcePublic Water
Additional Details
Price History
Ebonie Clerier
Associate