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156 Franklin Ave

Nutley Twp., NJ 07110
  • $1,150,000
  • STATUS: Active Under Contract
  • ON SITE: 131 Days
  • MLS #: 3915966
UPDATED: 60 min ago
$1,150,000
  • 5
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 2
    1/2 BATHS
Type:
Multi-Family
County:
Area:

School Ratings & Info

Description

Investment Opportunity in Downtown Nutley! This newly renovated 4-unit commercial building boasts 2 updated residential units and 2 modern storefronts, perfect for a variety of businesses. This opportunity boasts new hardwood flooring, 5 bedrooms with a possible studio and 3 kitchens, one being brand new! Enjoy the convenience of this corner property having a 2-car garage and a spacious backyard with potential for expansion or additional parking on the land. Tremendous opportunity with this property being close to colleges, the Newark Airport, and close to NYC with park nearby and a great school system! Plus, explore the possibility of creating a studio apartment on the first floor. Don't miss this chance to own a versatile property in a thriving location walking distance to schools, parks, and a variety of restaurants and businesses!

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Garden State MLS logo © 2024 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 Pina Nazario, Coldwell Banker Residential Brokerage. 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 Pina Nazario, Coldwell Banker Residential Brokerage 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 2024-12-08T12:46:16.683.
www.pickpina.com/homes/153064952
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156 Franklin Ave Nutley Twp., NJ 07110

  • Price: $1,150,000
  • Status: Active Under Contract
  • On Site: 131 Days
  • Updated: 60 min ago
  • MLS #: 3915966
5
Beds
2
Baths
2
½ Baths
N/A
Acres
County:
Essex
Area:
Nutley Twp.
Property Description
Investment Opportunity in Downtown Nutley! This newly renovated 4-unit commercial building boasts 2 updated residential units and 2 modern storefronts, perfect for a variety of businesses. This opportunity boasts new hardwood flooring, 5 bedrooms with a possible studio and 3 kitchens, one being brand new! Enjoy the convenience of this corner property having a 2-car garage and a spacious backyard with potential for expansion or additional parking on the land. Tremendous opportunity with this property being close to colleges, the Newark Airport, and close to NYC with park nearby and a great school system! Plus, explore the possibility of creating a studio apartment on the first floor. Don't miss this chance to own a versatile property in a thriving location walking distance to schools, parks, and a variety of restaurants and businesses!
Exterior Features

Approximate Lot Size 40X150 IRR Exterior Description Aluminum SidingBrick Exterior Features PatioStorm Door(s) Garage Description Detached Garage Lot Description Corner Number Of Parking Spaces 2 Parking Driveway Description Additional Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Bilco-Style DoorUnfinished Cooling Wall A/C Unit(s)Window A/C(s) Heating 1 UnitRadiant - Hot WaterRadiators - Hot WaterRadiators - Steam Total Number Of Rooms 16 Unit1 Appliances Equipment Carbon Monoxide DetectorSmoke Detector Unit1 Baths 0.5 Unit1 Bedrooms 0 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description See Remarks Unit1 Rooms 3 Unit1 Security Deposit 999999 Unit1 Sq Ft 9999 Unit2 Appliances Equipment Carbon Monoxide DetectorSmoke Detector Unit2 Baths 0.5 Unit2 Bedrooms 0 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description See Remarks Unit2 Rooms 3 Unit2 Sq Ft 9999 Unit3 Baths 1.0 Unit3 Bedrooms 4 Unit3 Fireplaces 1 Unit3 Levels 2 Unit3 Room Description BedroomsLiving Room Unit3 Rooms 9 Unit3 Sq Ft 9999 Unit4 Appliances Equipment CarbMDetCookGasDishwshrDryerKitExhFnRefrigSmokeDetWasher Unit4 Baths 1.0 Unit4 Bedrooms 1 Unit4 Fireplaces 0 Unit4 Levels 1 Unit4 Room Description BedroomsLiving Room Unit4 Rooms 5 Unit4 Sq Ft 9999

Property Features

Assessment Total 639400 Building Assessment 219400 Easement No Exclusions Personal belongings Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 72000 Land Assessment 420000 Net Operating Income 45600 Services Garbage Included Sewer Public Sewer Tax Amount 16470 Tax Rate Amount 2.576 Tax Rate Year 2023 Tax Year 2023 Total Operating Expense 26400 Unit Style Fourplex Unit1 Owner Tenant Pays Owner Pays GasOwner Pays HeatOwner Pays Water Unit1 Rent 600 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays GasOwner Pays HeatOwner Pays Water Unit2 Rent 600 Unit2 Security Deposit 999999 Unit3 Handicap Modified No Unit3 Lease Expiration 2026-06-30 Unit3 Owner Tenant Pays Owner Pays GasOwner Pays HeatOwner Pays Water Unit3 Rent 3000 Unit3 Security Deposit 4500 Unit4 Handicap Modified No Unit4 Lease Expiration 2025-10-31 Unit4 Owner Tenant Pays Owner Pays GasOwner Pays HeatOwner Pays Water Unit4 Rent 1850 Unit4 Security Deposit 2775 Utilities Gas-Natural Water Public Water Water Heater Gas Year Built Description Unknown

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 973-696-0077.


Garden State MLS logo © 2024 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 Pina Nazario, Coldwell Banker Residential Brokerage. 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 Pina Nazario, Coldwell Banker Residential Brokerage 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 2024-12-08T12:46:16.683.
 
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Clifton NJ, 07013