127-129 Grafton Avenue
Newark,
NJ
07104
Luis Rodriguez with Better Homes and Gardens Real Estate Coccia Realty,
original listing - (201) 997-7000
Property Details
| List Price: |
$1,200,000 |
| Beds: |
-- |
| Baths: |
-- |
| Status: |
Active |
SqFt: |
-- |
| Agency: |
Better Homes and Gardens Real Estate Coccia Realty |
| Agency Phone: |
(201) 997-7000 |
Description/Comments
| Lot Size: |
0 sqft |
| Property Type: |
Residential Multi Family-Other |
| Year Built: |
-- |
| Notes: |
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. |
| MlsNumber: |
-- |
| ListingId: |
24010253 |
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| Listing Provided By: |
Better Homes and Gardens Real Estate Coccia Realty, original listing |
| Phone: |
(201) 679-8929 |
| Office Phone: |
(201) 997-7000 |
| Agent Name: |
Luis Rodriguez |
| Disclaimer: |
Copyright © 2025 Better Homes and Gardens Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |