127-129 Grafton Avenue Newark, NJ $ 1,200,000
127-129 Grafton Avenue
$ 1,200,000
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127-129 Grafton Avenue

Newark, NJ, 07104
$ 1,200,000
Baths0.0

Monthly Estimate*

$ 7,976

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Studio

Commercial Property for sale in Newark, NJ

for $1,200,000. This building was built in 1900.

6 Family home with parkling for approx 8 cars. Solid all-brick building fully rented in good condition. Great investment opportunity. Features 5-3 bedroom 1 bath apartments and 1-2-bedroom 1 bath apartment. All have eat-in-kitchens & living room. 2 coin-operated washer/dryers for added income. Roof is approx 10 years old. Landlord provides heat for 3 units, 3 units have separate heat/central ac. Each tenant pays own hot water, cooking gas & electric. 5 apts have leases expiring July 31, 2024. Rent amounts: 1R-$1,163 1L-$1,417 - 2R-$1,560 - 2L-$1,417 - 3R $1,184 (m/m)- 3L-$1,388. Gross Income: $97,588 yearly - Laundry Income: Between $1,200 - Expenses: $7,000 (heat and electricity) Water: $4,700 Insurance: $6,445 yearly Maintenance: $2,040 (garbage and snow removal). Exterminator: $1,200 yearly - Boiler Worry free program - $1440 Year. Total Expense $35K Approx Net $64K.

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Commercial Active

Price

$ 1,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 14,481

Style

5+Family

Year Built

1900

Town/City

Newark

County/Region

Essex

MLS | Web ID

24010253

Features
General
Area 0714
Style 5+Family
Roof Flat
Status ACTIVE
Year Built 1900-1939
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Exterior
Substyle 5-25
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* Excluded Features

Affordability Calculator

$9,182
Per Month
87%
13%
0%
Monthly Principal & Interest
$7,976
Monthly Property Taxes
$1,207
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
843640 Elementary School
843641 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/8/2024$1,100,000 Listed Price

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127-129 Grafton Avenue, Newark, NJ, 07104 is a Commercial Property for sale at $1,200,000. 127-129 Grafton Avenue is a studio with 0.0 baths and was built in 1900. The property's zip code is 07104 which is in Newark, NJ