129 Carolina Avenue

Newark, NJ 07106

$650,000
Price
6
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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....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 )
  1. Listed by MARVIN WILLIAMS • COLDWELL BANKER REALTY

Property Details for 129 Carolina Avenue

Directions
Carolina Ave
Days On Market
29
Section/Subdiv/Development
Residential
LISTING UPDATED: 11/22/2024 09:44 PM

Property Details for 129 Carolina Avenue

StatusActive
MLS #3935741
Days on Market32
Taxes$7,929 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeFourplex
MLS TypeMulti Family / Fourplex
Year Built1944
Lot Size0.10 AC / 4,356 SF
CountyEssex County

Building Information for 129 Carolina Avenue

Stories-Residences4Year Built1944Building Size-Lot Size0.10 AC / 4,356 SF

Property Information for 129 Carolina Avenue

Summary
Location and General Information
  • Zoning: Residential
  • Active Days on Market: 29
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 4043.01
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • Street # Display: 129.0
  • # Parking Spaces: 6
  • County Or Parish: Essex
  • Street Name: Carolina Ave
  • Zip Code: 07106-2730
  • Total Units: 4
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $7,929
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Assessment Total: 212700.0
  • Tax ID For Property: 1614-04043-0001-00066-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: 2 Car Width, Additional Parking, Blacktop, Driveway-Exclusive, Off-Street Parking
  • # Garage Spaces: 0
Property
Lot Information
  • Lot Description: Level Lot
  • Lot Identifier: 66
  • Approximate Lot Size: 45X100
  • Total Acres: 0.1
  • Construction Date/Year Built: 1944
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 190200.0
  • Assessment Land: 22500.0
Utilities
  • Cooling: No Cool
  • Services: Cable TV Available
  • Utilities: Gas In Street
  • Water: Public Water
  • Water Heater: Electric, Gas
  • Heating: 1 Unit
  • Fuel Type: Electric, Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Aluminum Siding, Brick/Block
  • Exterior Features: Curbs, Sidewalk
Interior Features
  • Interior Features: Fire Extinguisher, High Ceilings, Smoke Detector, Tile Floors, Wood Floors
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Bilco-Style Door, Finished-Partially, Full, Walkout
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 1
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Gas, Owner Pays Water, Tenant Pays Electric
  • Unit 1 Rent: 1.0
  • Unit 1 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Kitchen, Living Room
  • Unit 1 Rooms: 4.0
  • Unit 1 Security Deposit: 1.0
  • Unit 1 Sq Ft: 997.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 1
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Gas, Owner Pays Water, Tenant Pays Electric
  • Unit 2 Rent: 1.0
  • Unit 2 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Kitchen, Living Room
  • Unit 2 Rooms: 4.0
  • Unit 2 Security Deposit: 950.0
  • Unit 2 Sq Ft: 997.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 2
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 1.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Gas, Owner Pays Water, Tenant Pays Electric
  • Unit 3 Rent: 1.0
  • Unit 3 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Kitchen, Living/Dining Room
  • Unit 3 Rooms: 5.0
  • Unit 3 Security Deposit: 2700.0
  • Unit 3 Sq Ft: 997.0
Unit 4 Information
  • Unit 4 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 4 Baths: 1.0
  • Unit 4 Bedrooms: 2
  • Unit 4 Fireplaces: 0.0
  • Unit 4 Handicap Modified: No
  • Unit 4 Levels: 1.0
  • Unit 4 Owner/Tenant Pays: Owner Pays Gas, Owner Pays Water, Tenant Pays Electric
  • Unit 4 Rent: 1.0
  • Unit 4 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Kitchen, Living/Dining Room
  • Unit 4 Rooms: 5.0
  • Unit 4 Security Deposit: 2030.0
  • Unit 4 Sq Ft: 997.0
Multi-Family Information
  • Unit Style: Fourplex
Income & Expenses Information
  • Total Operating Expense: $1.00
  • Net Operating Income: $1.00
  • Gross Operating Income: $1.00

Property History for 129 Carolina Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 129 Carolina Avenue

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - PK to 8
Public - PK to 8
Rating
School
Distance
Ivy Hill Elementary School
PublicPK to 8

Speedway Academies
PublicPK to 8

South Seventeenth Street Elementary School
PublicPK to 8

Lincoln Elementary School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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129 Carolina Avenue is for sale in Newark, NJ 07106. This property was listed for sale on November 22, 2024 by COLDWELL BANKER REALTY, it's currently listed at $650,000. This listing's school district is The Newark Public School District. Nearby schools include Ivy Hill Elementary School, Speedway Academies and South Seventeenth Street Elementary School. 129 Carolina Avenue is a 6-bed, 4-bath, built in 1944.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COLDWELL BANKER REALTY, MARVIN WILLIAMS

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 12/25/2024 04:10 AM. Source: New Jersey Multiple Listing Service, Inc. © 2024 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 12/25/2024 04:10 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.