404 Bloomfield Ave, Newark City, NJ 07003
sale
$1,700,000
|
Other
Courtesy Of Realty ONE Group Legend
Great, well kept, fully rented building showing true "pride of ownership" over the years. There are a total of 12 units. 7-one bedroom, 3-two bedroom, and 2 storefronts.All tenants are up to date with rent. Owner pays heat, hot water, sewer, taxes, insurance. Tenants pay their electric. Gross operating income $164,000. Gross operating expenses $60,000, Net operating income $104,000. Yearly state inspection is up-to-date. Store front leases can be terminated after 60 days upon new owners request as per their lease. Close proximity to schools, shopping, churches, highways, and mass transit.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 12
- Cooling System: Wall Unit(s) A/C
- Exterior Type: Brick
- Exterior Type: Block
- Floor Covering: Vinyl
- Floor Covering: Laminate
- Floor Covering: Linoleum
- Floor Covering: Wood
- Floors: 4.0
- Heating Fuel: Electric
- Heating System: Baseboard
- MLSID: 3845726
- Roof Type: Unknown
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