$1,200,000

Multi Family Home

  • Updated: December 19, 2025
  • 1
  • MLS#24010253

About the Property

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 a
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.
  • Property type

    House

Features

  • Washer Dryer
  • Laundry Room
  • Investment Property

Explore the Area

127-129 Grafton Avenue, Newark, NJ 07104, New Jersey, United States View on Google Maps
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Better Homes and Gardens Real Estate Coccia Realty

Joined 6 years ago
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Better Homes and Gardens Real Estate Coccia Realty
New Jersey, United States
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14
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2020
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Better Homes and Gardens Real Estate Coccia Realty
Kearny, New Jersey, United States
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Last updated
December 19, 2025
First listed
Apr 9, 2024
Listing reference
64bd3s
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