Property
Sussex Boro, NJ 07461 8 Newton Ave
$399,900
Pending
3 more
Presented By: RE/MAX SELECT; 973-625-0450
Full/Half Baths • 0 / 1
Home Details
WOW! RENOVATED, MIXED USE BUILDING LOCATED IN DOWNTOWN SUSSEX. THIS 3 STORY BUILDING FEATURES A COMMERCIAL STORE FRONT ON THE 1ST FLOOR AND 2- 2 BEDROOM APARTMENTS ON THE 2ND AND 3RD FLOOR. THE STORE IS RENOVATED AND HAS A LEASE. THE SECOND FLOOR UNIT IS RENOVATED AND FEATURES 2 BEDROOMS, LIVING ROOM, KITCHEN AND A FULL BATHROOM. THE 3RD FLOOR UNIT FEATURES A NEW KITCHEN, 2 BEDROOMS, LIVING ROOM, KITCHEN AND A FULL BATHROOM. THIS UNIT HAS NEW FLOORING AND FREASH PAINT. THE STORE FRONT IS FUELED BY OIL HEAT, THE SECOND AND THIRD FLOOR APARTMENTS ARE ELECTRIC HEAT. PUBLIC WATER AND SEWER SERVICE THE BUILDING. EACH UNIT DOES HAVE SEPARATE WATER METERS, BUT THE LANDLORD IS CURRENTLY PAYING THE WATER AND SEWER. SUSSEX IS AN UP-AND-COMING TOWN AND IS CLOSE TO MAJOR ROUTES AND SHOPPING. SOLID INVESTMENT WITH ROOM TO GROW. THE STORE HAS A 3 YEAR LEASE, UNIT 2 HAS A 1 YEAR LEASE, UNIT 3 IS MO. TO MO. AND WILL VACATE UPON SALE AGREEMENT
Presented By: RE/MAX SELECT; 973-625-0450
Interior Features for 8 Newton Ave
Bedrooms
Num 4 Bed Units
Bathrooms
Num Units w/Full Bath2
Num Units w/Half Bath1
Half Baths1
Other Interior Features
Price Per Sq Ft0.00
Available Sq Ft0
Num 3 Bdrm Units0
Num 2 Bdrm Units2
Num 1 Bdrm Units
BasementFull, Unfinished
FlooringCarpeting, Tile, Vinyl-Linoleum
Fuel TypeElectric, OilAbIn
Total Stories3
General for 8 Newton Ave
Cap Rate0.00
ConstructionWood
CoolingWall A/C Unit(s)
CountySussex
Directions8 NEWTON AVE, SUSSEX
Documents AvailableLeases
DriveOn-Street Parking
EasementUnknown
Equipment AvailableAppliances, Kitchen Area, Restrooms - Public
Farm AssessmentNo
Garage Spaces
Gross Income45600
Heating1 Unit, Baseboard - Electric, Forced Hot Air
Leasable Area1100
LocationBusiness District, Residential Area
MaintenanceExpense
Net Operating Income30600
Num Apts2
Number Of Units Total3
Operating Expense15000
OwnerPaysSewer, Water
OwnershipFee Simple
Permitted UseMIXED USE
PossessionUPON CLOSING
Property TypeMixed Use
Property TypeMixedUse
RoofAsphalt Shingle
ServicesGarbage Extra Charge
SewerPublic Sewer
Standard StatusUnder Contract
StatusUnder Contract
Tax Annual Amount7271
Tax Assessed Value206000
Tax Lot7
Tax Year2023
Tenant PaysElectric, Heat, Hot Water, Oil, Trash Removal
Town #2823
TownshipSussex Boro
UtilitiesElectric
Utilities Paid ByTenant
Year Built1911
ZoningC-1
Exterior for 8 Newton Ave
Building Area Total3000
Exterior DescriptionVinyl Siding
Lot Dimensions25X64
Lot FeaturesLevel Lot, Open Lot
Lot Size Acres0.04
Max Ceiling Height8
Max Door Height7
Number of Bays0
Number of Docks0
Total Parking0
Water SourcePublic Water
Additional Details
Price History
Tina Torres
Broker/Owner