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Key Details
Sold Price $425,018
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 1,914 sqft
Price per Sqft $222
Subdivision None Available
MLS Listing ID NJGL2013482
Sold Date 07/13/22
Style Carriage House,Victorian
Abv Grd Liv Area 1,914
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $10,625
Tax Year 2021
Lot Size 0.670 Acres
Acres 0.67
Lot Dimensions 68.00 x 0.00
Property Description
Offer Accepted, waiting on contracts to be signed with attorneys! ***INVESTOR ALERT****Looking for a well maintained 6 PLEX? Your search is officially over! Consisting of 2 separate buildings on a large lot, this property has been well maintained and updated over the years. The front house has a 2 bedroom unit on each level and is equipped with gas forced air heat, central AC (Newer Goodman unit was installed in 2020), a full unfinished walkout basement, with access to it from the first level unit, a floored storage attic with access from the second level unit, and updated 200 amp electric. The back unit contains 4/ 1 bedroom units, all equipped with electric baseboard heat and no AC (Just window units). There is also a small efficiency unit that is currently being used for storage but could be turned back into an income producing unit. Tenants pay gas and electricity (all utilities are separate). Landlord pays Water, Taxes, Insurance, Septic maintenance, Private trash collection, Common area electric and lawn care/snow removal. Total income is $ 64,800 with expense at approx... $ 27,394. Annual income is around $37,406! It is registered as a 6 Unit. The state inspection was completed 9/3/19 (good for 5 years). All tenants are current on rent. The roof on the front building is 2 years old. The roof on the back building is 15 years old. The septic was replaced 12 years ago. It doesn't get any better than this! Units 2, 4, & 7: Tenants work nights and will not be available to show. 5 of the 6 rented units are on month to month leases. Great long term tenants that would all enjoy staying. In a quite area of Newfield. Make your offer today!
Location
State NJ
County Gloucester
Area Newfield Boro (20813)
Zoning R5H
Rooms
Basement Partial, Unfinished
Interior
Interior Features Ceiling Fan(s), Attic, Carpet, Combination Kitchen/Dining, Kitchen - Eat-In, Tub Shower
Hot Water Natural Gas, Electric
Heating Forced Air, Baseboard - Electric
Cooling Central A/C, Window Unit(s)
Flooring Vinyl, Carpet
Fireplace N
Window Features Energy Efficient
Heat Source Natural Gas, Electric
Exterior
Exterior Feature Porch(es)
Garage Spaces 10.0
Water Access N
View Garden/Lawn
Roof Type Pitched,Shingle
Accessibility None
Porch Porch(es)
Total Parking Spaces 10
Garage N
Building
Lot Description Cleared, Rear Yard, SideYard(s)
Foundation Concrete Perimeter, Brick/Mortar
Sewer On Site Septic
Water Public
Architectural Style Carriage House, Victorian
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Franklin Township Board Of Education
Others
Tax ID 13-00204-00002
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Financing Cash,Conventional,Exchange
Special Listing Condition Standard
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Bought with Yechiel Schwartz • Investors Edge Realty