127-129 Grafton Ave | Newark City

$1,200,000 | 0.0 Sq. Ft.

6 Family home with parkling for approx 8 cars. Solid all-brick building fully rented in good condition. Great investment opportunity. Features 5-3 bedroom 1 bath apartments and 1-2-bedroom 1 bath apartment. All have eat-in-kitchens & living room. 2 coin-operated washer/dryers for added income. Roof is approx 10 years old. Landlord provides heat for 3 units, 3 units have separate heat/central ac. Each tenant pays own hot water, cooking gas & electric. 5 apts have leases expiring July 31, 2024. Rent amounts: 1R-$1,163 1L-$1,417 - 2R-$1,560 - 2L-$1,417 - 3R $1,184 (m/m)- 3L-$1,388. Gross Income: $97,588 yearly - Laundry Income: Between $1,200 - Expenses: $7,000 (heat and electricity) Water: $4,700 Insurance: $6,445 yearly Maintenance: $2,040 (garbage and snow removal). Exterminator: $1,200 yearly - Boiler Worry free program - $1440 Year. Total Expense $35K Approx Net $64K. GSMLS 3894790

Directions to property: Between Broadway and Summer Avenue

MLS Listing ID: 
GSMLS 3894790
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Status Accepting Offers: 
1
Building Details
Details about the building on a property.
Stories: 
3
Year Built: 
1900
Living Area: 
0.0
Basement: 
Unfinished
Construction
Construction Materials: 
Brick/Block
Roof: 
Flat
Exterior: 
Brick/Block
Energy Information: 
Gas In Street
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Half-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
4+ Units
Heating System Fuel: 
Gas-Natural
Cooling System: 
3 Units, Central Air, Window A/C(s)
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.13
Lot Size (Dimensions): 
43X128.4
Waterfront: 
0
Lot Features
Driveway: 
Parking Lot-Exclusive
Parking Type: 
Parking Lot-Exclusive
Public Record
Parcel Number: 
1614-00775-0000-00040-0000-
Lot Number: 
40
Annual Tax: 
$14,449.00
Property Zoning: 
Residential
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
4/8/2024
Contract Details
Details about the listing contract.
Inclusions: 
Building & Land
Possession: 
TBA
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
COCCIA REALTY BHGRE