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    192 Renner Ave

    Newark City, NJ 07112
    • $495,000
    • STATUS: Active
    • ON SITE: 9 days
    • MLS #: 3679213
    UPDATED: 61 min ago
    $495,000
    • 9
      BEDS
    • 0.06
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1911
    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: 3679245, 3679235, 3679225. Potential to be sold separately or as a package comprising 13 units. Recently 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 (unit 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 9.5% 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 2020-11-28T10:46:25.78.
    www.baerhomes.com/homes/112007595
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    192 Renner Ave Newark City, NJ 07112

    • Price: $495,000
    • Status: Active
    • Updated: 61 min ago
    • MLS #: 3679213
    9
    Beds
    4
    Baths
    0
    ½ Baths
    0.06
    Acres
    1911
    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: 3679245, 3679235, 3679225. Potential to be sold separately or as a package comprising 13 units. Recently 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 (unit 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 9.5% Combined Cap Rate 9.2%.
    Exterior Features

    Approximate Lot Size 2500 SF Exterior Description See Remarks Garage Description On SiteSee Remarks Number Of Parking Spaces 4 Parking Driveway Description See Remarks Roof Description See Remarks

    Interior Features

    Basement Yes Basement Description Full Cooling 4 UnitsCentral Air Heating 4 UnitsForced Hot Air Total Number Of Rooms 24 Unit1 Appliances Equipment See Remarks Unit1 Baths 1.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsKitchenLiving/Dining RoomSee Remarks Unit1 Rooms 6 Unit1 Security Deposit 99999 Unit1 Sq Ft 0 Unit2 Appliances Equipment See Remarks Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsKitchenLiving/Dining RoomSee Remarks Unit2 Rooms 7 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 3 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsKitchenLiving/Dining RoomSee Remarks Unit3 Rooms 7 Unit3 Sq Ft 0 Unit4 Appliances Equipment See Remarks Unit4 Baths 1.0 Unit4 Bedrooms 1 Unit4 Fireplaces 0 Unit4 Levels 1 Unit4 Room Description BedroomsKitchenLiving/Dining RoomSee Remarks Unit4 Rooms 4 Unit4 Sq Ft 0

    Property Features

    Assessment Total 217500 Building Assessment 191200 Easement Unknown Expenses Include UtilitiesInsuranceMaintenanceTaxes Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 61800 Land Assessment 26300 Net Operating Income 47021 Renovated Year 2018 Sewer Public Sewer Tax Amount 8180 Tax Rate Amount 3.761 Tax Rate Year 2019 Tax Year 2019 Total Operating Expense 14779 Unit Style Fourplex Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 1000 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 1550 Unit2 Security Deposit 99999 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 1600 Unit3 Security Deposit 9999 Unit4 Handicap Modified No Unit4 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit4 Rent 1000 Unit4 Security Deposit 9999 Utilities All Underground 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 2020-11-28T10:46:25.78.
     
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