129 Carolina Avenue
$650,000
6
4
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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 )
- Listed by MARVIN WILLIAMS • COLDWELL BANKER REALTY
Property Details for 129 Carolina Avenue
Directions
Carolina Ave
Days On Market29
Section/Subdiv/DevelopmentResidential
LISTING UPDATED: 11/22/2024 09:44 PM
Property Details for 129 Carolina Avenue
Status | Active |
---|---|
MLS # | 3935741 |
Days on Market | 32 |
Taxes | $7,929 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Fourplex |
MLS Type | Multi Family / Fourplex |
Year Built | 1944 |
Lot Size | 0.10 AC / 4,356 SF |
County | Essex County |
Building Information for 129 Carolina Avenue
Stories-Residences4Year Built1944Building Size-Lot Size0.10 AC / 4,356 SF
Property Information for 129 Carolina Avenue
Property History for 129 Carolina Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 |
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Public - | PK to 8 | |||
Public - | PK to 8 | |||
Public - | PK to 8 | |||
Public - | PK to 8 |
Rating | School | Distance |
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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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