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$539,000 For Sale

575-577 Highland Ave
Newark City, NJ 07104

4 units | Multi Family Home
4792 sq ft lot - MLS# 3570417
Property Photo
1/22

Description

One of a Kind 4 family home located in the desirable area of Forest Hills section of Newark ,well maintained solid brick building fully occupied separated utilities finished basement large driveway and a two car garage Don't t miss out either for first time home buyer or for an investor Cap Rate around 7 %

Features

  • # of Parking Spaces: 2
  • Approximate Lot Size: 50X100
  • Basement: Finished Yes
  • Baths: 5
  • Bedrooms: 8
  • County/Area: Essex County
  • Directions: Off Bloomfield Avenue
  • Exterior Description: Brick
  • Fuel Type: Gas-Natural
  • Full Baths: 5
  • Garage: 2-Car
  • Garage Description: Detached Garage
  • Gross Operating Income: 55200
  • Heating: 4 Units
  • Listing Status: Active
  • Lot Identifier: 48
  • Lot Size: 0.1100
  • Net Operating Income: 37002
  • Parking Spaces: 2
  • Parking/Driveway Description: 2 Car Width
  • Property Type: Multi Family Home
  • Roof Description: Asphalt Shingle
  • Sewer: Public Sewer
  • Sub Type: Multi Family Home
  • Subdivision: Forest Hills
  • Subdivision/Neighborhood: Forest Hills
  • Tax Amount: $10,798
  • Total Operating Expense: 18198
  • Total Rooms: 17
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 1
  • Unit 1 Levels: 1
  • Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Owner Pays Water
  • Unit 1 Rent: 1100
  • Unit 1 Room Description: Kitchen, Bedrooms, Living Room
  • Unit 1 Rooms: 3
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Levels: 2
  • Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Owner Pays Water
  • Unit 2 Rent: 1400
  • Unit 2 Room Description: Kitchen, Bedrooms, Living Room
  • Unit 2 Rooms: 7
  • Unit 3 Appl/Equip: Range/Oven - Gas
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 2
  • Unit 3 Levels: 3
  • Unit 3 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Owner Pays Water
  • Unit 3 Rent: 1100
  • Unit 3 Room Description: Kitchen, Bedrooms, Living Room
  • Unit 3 Rooms: 4
  • Unit 4 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas
  • Unit 4 Baths: 1.0
  • Unit 4 Bedrooms: 2
  • Unit 4 Levels: 1
  • Unit 4 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Owner Pays Water
  • Unit 4 Rent: 1000
  • Unit 4 Room Description: Kitchen, Bedrooms
  • Unit 4 Rooms: 3
  • Unit Style: 3-Three Story
  • Units: 4
  • Utilities: Gas-Natural
  • Water: Public Water
  • Year Built: 1940
  • Zip Code: 07104

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