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    179 Mapes Ave

    Newark City, NJ 07112
    • $475,000
    • STATUS: Active
    • ON SITE: 5 days
    • MLS #: 3679225
    New On Site 5 Days Ago
    UPDATED: 37 min ago
    $475,000
    • 10
      BEDS
    • 0.08
      ACRES
    • 3
      BATHS
    • 2
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1922
    County:
    Area:

    School Ratings & Info

    Description

    Amazing opportunity for an owner or investor to acquire 4 income producing multi-family properties in one of the fastest growing areas of Newark & Irvington. See portfolio: 3679213, 3679235, 3679245. Potential to be sold separately or as a package comprising 13 units. Renovated and fully occupied. All Tenants month to month. Separate Utilities. Off-Street parking for 4 cars. Ability to install coin-operated laundry to increase NOI. Conveniently located near Weequahic Park, Beth Israel Hospital, shopping, and public transportation. Whether you are a first time home buyer interested in living in one unit (individual units can be delivered vacant) and collecting passive income or you are a seasoned investor looking to add to your portfolio this property has it all. Individual Cap Rate 12% Combined Cap Rate 9.2%.

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    © 2020 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or William Raveis Baer & McIntosh Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than William Raveis Baer & McIntosh Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2020-11-23T22:46:29.663.
    www.baerhomes.com/homes/112007598
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    179 Mapes Ave Newark City, NJ 07112

    • Price: $475,000
    • Status: Active
    • Updated: 37 min ago
    • MLS #: 3679225
    10
    Beds
    3
    Baths
    2
    ½ Baths
    0.08
    Acres
    1922
    Built
    County:
    Essex
    Area:
    Newark City
    Property Description
    Amazing opportunity for an owner or investor to acquire 4 income producing multi-family properties in one of the fastest growing areas of Newark & Irvington. See portfolio: 3679213, 3679235, 3679245. Potential to be sold separately or as a package comprising 13 units. Renovated and fully occupied. All Tenants month to month. Separate Utilities. Off-Street parking for 4 cars. Ability to install coin-operated laundry to increase NOI. Conveniently located near Weequahic Park, Beth Israel Hospital, shopping, and public transportation. Whether you are a first time home buyer interested in living in one unit (individual units can be delivered vacant) and collecting passive income or you are a seasoned investor looking to add to your portfolio this property has it all. Individual Cap Rate 12% Combined Cap Rate 9.2%.
    Exterior Features

    Approximate Lot Size 35X100 Exterior Description Vinyl Siding Number Of Parking Spaces 4 Parking Driveway Description See Remarks Roof Description See Remarks

    Interior Features

    Basement Yes Basement Description Full Cooling 3 UnitsCentral Air Heating 3 UnitsForced Hot Air Total Number Of Rooms 23 Unit1 Appliances Equipment See Remarks Unit1 Baths 2.0 Unit1 Bedrooms 4 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsKitchenLiving/Dining RoomSee Remarks Unit1 Rooms 9 Unit1 Security Deposit 9999 Unit1 Sq Ft 0 Unit2 Appliances Equipment See Remarks Unit2 Baths 2.0 Unit2 Bedrooms 4 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsKitchenLiving/Dining RoomSee Remarks Unit2 Rooms 9 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsKitchenLiving/Dining RoomSee Remarks Unit3 Rooms 5 Unit3 Sq Ft 0 Unit4 Appliances Equipment See Remarks

    Property Features

    Assessment Total 203700 Building Assessment 174900 Easement Unknown Expenses Include UtilitiesInsuranceMaintenanceTaxes Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 68040 Land Assessment 28800 Net Operating Income 55926 Renovated Year 2018 Sewer Public Sewer Tax Amount 6702 Tax Rate Amount 3.761 Tax Rate Year 2019 Tax Year 2019 Total Operating Expense 12114 Unit Style Triplex Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 1985 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 1985 Unit2 Security Deposit 9999 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 1700 Unit3 Security Deposit 9999 Unit4 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Utilities Gas-Natural Water Public Water Water Heater Gas Year Built Description Renovated

    Listing information © 2020 Garden State Multiple Listing Service,LLC.
    Listing provided courtesy of Coldwell Banker Realty.


    © 2020 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or William Raveis Baer & McIntosh Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than William Raveis Baer & McIntosh Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2020-11-23T22:46:29.663.
     
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    South Nyack NY, 10960