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231 Alexander St

Newark City, NJ 07106
  • $599,900
  • STATUS: Active
  • ON SITE: 112 days
  • MLS #: 3704708
UPDATED: 89 min ago
$599,900
  • 8
    BEDS
  • 0.09
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1940
County:
Area:

School Ratings & Info

Description

This is your opportunity for passive income acquiring this cash cow 4-family that features on-time paying tenants, low expenses and an overall sound building ready for you to reap the benefits. One of the 4 units will be delivered vacant so this property is prime for owner-occupants and investors alike. All units have been renovated since 2019 and feature separate utilities to minize your expenses. Currently the three performing units produce $4,200 monthly with potential to gross upwards of $5,700 once fully rented. House also features only a 4-year old roof with warranty, security cameras and RING doorbells programmed for each unit. Off-street parking for up to 2 cars. Property is local to bus transportation, houses of worship, along with multiple businesses and shopping. Will surely not last!

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© 2021 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 2021-08-04T22:47:12.61.
www.pickpina.com/homes/116094782
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231 Alexander St Newark City, NJ 07106

  • Price: $599,900
  • Status: Active
  • Updated: 89 min ago
  • MLS #: 3704708
8
Beds
4
Baths
0
½ Baths
0.09
Acres
1940
Built
County:
Essex
Area:
Newark City
Property Description
This is your opportunity for passive income acquiring this cash cow 4-family that features on-time paying tenants, low expenses and an overall sound building ready for you to reap the benefits. One of the 4 units will be delivered vacant so this property is prime for owner-occupants and investors alike. All units have been renovated since 2019 and feature separate utilities to minize your expenses. Currently the three performing units produce $4,200 monthly with potential to gross upwards of $5,700 once fully rented. House also features only a 4-year old roof with warranty, security cameras and RING doorbells programmed for each unit. Off-street parking for up to 2 cars. Property is local to bus transportation, houses of worship, along with multiple businesses and shopping. Will surely not last!
Exterior Features

Approximate Lot Size 37.6X100 Exterior Description Vinyl Siding Number Of Parking Spaces 4 Parking Driveway Description 1 Car WidthAdditional Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Unfinished Cooling Wall A/C Unit(S) Heating 4+ UnitsBaseboard - Electric Total Number Of Rooms 16 Unit1 Appliances Equipment CookgasRefrig Unit1 Baths 1.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsKitchenLiving Room Unit1 Rooms 5 Unit1 Security Deposit 9999 Unit1 Sq Ft 9999 Unit2 Appliances Equipment CookgasRefrig Unit2 Baths 1.0 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsKitchenLiving Room Unit2 Rooms 5 Unit2 Sq Ft 9999 Unit3 Baths 1.0 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsKitchenLiving Room Unit3 Rooms 5 Unit3 Sq Ft 9999 Unit4 Appliances Equipment CookgasRefrig Unit4 Baths 1.0 Unit4 Bedrooms 2 Unit4 Fireplaces 0 Unit4 Levels 1 Unit4 Room Description BedroomsKitchenLiving Room Unit4 Rooms 5 Unit4 Sq Ft 9999

Property Features

Assessment Total 183700 Building Assessment 162200 Easement No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 50400 Land Assessment 21500 Net Operating Income 40180 Renovated Year 2018 Sewer Public Sewer Tax Amount 6980 Tax Rate Amount 3.800 Tax Rate Year 2020 Tax Year 2020 Total Operating Expense 10220 Unit Style 2-Two Story Unit1 Owner Tenant Pays Owner Pays ElectricOwner Pays GasOwner Pays HeatOwner Pays Water Unit1 Rent 9999 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays HeatTenant Pays Water Unit2 Rent 1400 Unit2 Security Deposit 9999 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays HeatTenant Pays Water Unit3 Rent 1400 Unit3 Security Deposit 9999 Unit4 Handicap Modified No Unit4 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays HeatTenant Pays Water Unit4 Rent 1400 Unit4 Security Deposit 9999 Utilities See Remarks Water Public Water Year Built Description Renovated

Listing information © 2021 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Exp Realty, Llc.


© 2021 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 2021-08-04T22:47:12.61.
 
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