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Fourplex

60 Telford St

Newark City, NJ 07106

MLS#: 4027870

$975,000

Status: Active
Listing number: 4027870
Listing provided by: POWERHOUSE REALTY, INC.
Listing agent phone: None
Last update: 24 days ago
On site: 24 days ago
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Property

Beds

12

Full Baths

4

1/2 Baths

1

Year Built

2019

Sq.Footage

0

Ease of Ownership best describes this 4-family gem! Located in Upper Vailsburg, this is a "plug and play". Each unit consists of 3-bedrooms, and 1 bath. The property was completely renovated in 2019 and boasts of having a valid NJ DCA Green Card Inspection certificate. Each tenant enjoys separate central heat/air as well as a shared coin-operated laundry room in the basement. The property has combo security locks to avoid lost key syndrome! Tenants are on a month-to- month lease, but with laundry and possible garage income currently can produce $113,700 annually for a generous 13.57% cash on cash return. Two units are below market and have the possibility to increase these returns down the road. Current onsite tenant handles cleaning and garbage. 2 Sump pumps in the basement as well as interior plumbing for sprinkler system

Features & Amenities

Interior

  • Total Bedrooms

    12

  • Bathrooms

    4

  • 1/2 Bathrooms

    1

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Forced Air, Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    3

  • Construction Materials

    Vinyl Siding

  • Parking

    Detached

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.11

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

  • Architectural Style

    Fourplex

Price

  • Sales Price

    $975,000

  • Tax Amount

    $13,860

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Tax Lot

    *

  • Water Source

    Public

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Location

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Essex

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Listing Courtesy of None , POWERHOUSE REALTY, INC.

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Ease of Ownership best describes this 4-family gem! Located in Upper Vailsburg, this is a "plug and play". Each unit consists of 3-bedrooms, and 1 bath. The property was completely renovated in 2019 and boasts of having a valid NJ DCA Green Card Inspection certificate. Each tenant enjoys separate central heat/air as well as a shared coin-operated laundry room in the basement. The property has combo security locks to avoid lost key syndrome! Tenants are on a month-to- month lease, but with laundry and possible garage income currently can produce $113,700 annually for a generous 13.57% cash on cash return. Two units are below market and have the possibility to increase these returns down the road. Current onsite tenant handles cleaning and garbage. 2 Sump pumps in the basement as well as interior plumbing for sprinkler system

60 Telford St

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