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127-129 Grafton Ave Newark, NJ $ 1,200,000
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$ 1,200,000 Get more info
127-129 Grafton Ave
$ 1,200,000
Back to search
Share Save

127-129 Grafton Ave

Newark, NJ, 07104
$ 1,200,000
Baths0.0

Monthly Estimate*

$ 7,976

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Studio

Commercial Property for sale in Newark, NJ

for $1,200,000. This building was built in 1900 on a lot size of 0.13.

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.

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Commercial Active

Price

$ 1,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 14,449

Style

Lot Size

0.13

Year Built

1900

Town/City

Newark

County/Region

Essex

MLS | Web ID

3894790
Features
General
Sewer Public Sewer
Construction Brick/Block
Heating 4+ Units
Cooling 3 Units Central Air Window A/C(s)
Utilities Gas In Street
Possession TBA
Roof Flat
Zoning Residential
Year Built 1900
Township Newark City
Property Type See Remarks See Remarks
Tax Year 2023
Percent Ownership Fee Simple
Location Residential Area
County Essex
Status Active
Directions Between Broadway and Summer Avenue
Total Units 6
Street Name Grafton Ave
Tax Annual Amount 14449
Drive Parking Lot-Exclusive
Leasable Area 0
Days on Market 43
Standard Status Active
Tax Assessed Value 387600
Town # 1614
Tax Lot 40
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Interior
Basement Unfinished
Flooring Carpeting Tile Vinyl-Linoleum Wood
Fuel Type Gas-Natural
Total Stories 3
Half Baths 0
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Exterior
Water Source Public Water
Exterior Description Brick/Block
Building Area Total 0
Lot Dimensions 43X128.4
Lot Size Acres 0.13
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* Excluded Features
List By
LUIS A. RODRIGUEZ

Listing Agent

Coccia Realty Bhgre

Broker

Affordability Calculator

$9,180
Per Month
87%
13%
0%
Monthly Principal & Interest
$7,976
Monthly Property Taxes
$1,204
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/8/2024$1,100,000 Listed Price

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127-129 Grafton Ave, Newark, NJ, 07104 is a Commercial Property for sale at $1,200,000 with a lot size of 0.13. 127-129 Grafton Ave is a studio with 0.0 baths and was built in 1900. The property's zip code is 07104 which is in Newark, NJ

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