Beds
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Prime investment opportunity! 4 unit multi-family property in a convenient location in Northfield! Currently all four units are occupied. Units are very comfortable and compact. There is separate gas and electric meters for all units. Plenty of onsite parking lot adjacent to the building with six spots. There is one coin operated washer and dryer for the entire building for all tenants to access. Mechanicals in basement. Exceptional rental history. Income and Expense in associated documents. Need...Prime investment opportunity! 4 unit multi-family property in a convenient location in Northfield! Currently all four units are occupied. Units are very comfortable and compact. There is separate gas and electric meters for all units. Plenty of onsite parking lot adjacent to the building with six spots. There is one coin operated washer and dryer for the entire building for all tenants to access. Mechanicals in basement. Exceptional rental history. Income and Expense in associated documents. Need 24 hour notice to show!
  1. Listed by Mary Lou Ferry Wimmer • FARLEY and FERRY REALTY, INC

Property Details for 1506 New Road

City/Community
Northfield
Class
MULTI-FAMILY
Parking - Exterior
Three or More Cars
Waterfront (Y/N)
No
Zoned
O-PB
LISTING CLOSED: 07/29/2021 03:00 AM

Property Details for 1506 New Road

StatusSold
MLS #551413
Days on Market6
Taxes$9,586 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMULTI-FAMILY / 4 - 10 Units
Year Built-
Lot Size0.19 AC / 8,262 SF
CountyAtlantic County

Location

Listing Courtesy of FARLEY and FERRY REALTY, INC

Sold By BURNS PROPERTY GROUP, LLC

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Building Information for 1506 New Road

Stories-Residences4Year Built-Building Size-Lot Size0.19 AC / 8,262 SF

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Property Information for 1506 New Road

Summary
Location and General Information
  • Address: 1506 New Road
  • Address Number: 1506
  • Address Search Number: 1506
  • Address Street: New
  • Area: Northfield City
  • County: Atlantic
  • Directions: Right on New Rd off of Tilton Rd when heading south. Property on left hand side.
  • Fips Code: 34001
  • State: NJ
  • Street Designation: Road
  • Zip: 08225
Parking
  • Garage: None
Taxes and HOA Information
  • LVT Date: 06-02-2021
  • Tax Year: 2020
  • Taxes: 9586
Property
Lot Information
  • Approved Short Sale?: No
  • Block #: 54
  • Lot #: 95
  • Lot Dimensions: 51x162
Property and Assessments
  • Age: 21 to 25 Years
  • Also Includes: Curtains, Drapes, Shades, See Remarks
  • Associated Document Count: 1
  • Doc Timestamp: 05-28-2021
  • Estate Y/N: No
  • Improved Value: $166,000
  • Land Value: $110,400
  • New Construction: No
  • Total Assessment: 276400
  • Water: Public
Utilities
  • Sewer: Public Sewer
  • Water Heater: Gas
Interior and Exterior Features
Exterior Features
  • Driveway: Concrete
  • Outside Features: Curbs, Shed, Sidewalks
  • Siding/Exterior: See Remarks
  • Storms/Screens: Combination
Interior Features
  • Air Conditioning: Central
  • Appliances: Dishwasher, Dryer, Gas Stove, Refrigerator, Self Cleaning Oven, Washer
  • Basement: Full, Plumbing
  • Heating: Gas-Natural
  • Other Rooms: Den/TV Room, Eat In Kitchen, Kitchen, Laundry/Utility Rm, Living Room
Multi Family
Multi-Family Information
  • # of 1 Bedroom Units: 2
  • # of 2 Bedroom Units: 1
  • # Of Efficiency Units: 1
  • Annual Insurance: 1849
  • Annual Insurance (O/T): Owner
  • Annual Taxes: 9586
  • Annual Taxes (O/T): Owner
  • Available: Lease Information
  • Limited Service (Y/N): No
  • Number Of Units: 4
  • Owner Occupied (Y/N): No
  • Rental Information: 100 Percent Occupancy, Security Deposit, Yearly
  • Separate Meters: Electric, Gas
  • Suitable For: Multi Family + Rooms, Other (See Remarks)
  • Total Expense: 6019
  • Total Income: 43560
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Rent: 930
Unit 2
  • Unit 2 Baths: 2
  • Unit 2 Bedrooms: 2
  • Unit 2 Level: Upper
  • Unit 2 Rent: 950
Unit 3
  • Unit 3 Baths: 1
  • Unit 3 Bedrooms: 0
  • Unit 3 Rent: 750
Unit 4
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 1
  • Unit 4 Rent: 1000

Property History for 1506 New Road

DateEvent & SourcePriceAppreciation
Jul 29, 2021

Closed

SJSRMLS #551413

$364,000
Jul 28, 2021

Closed (Public Record)

Public Record #1473547424

$364,000
Jun 8, 2021

Pending

SJSRMLS #551413

DateEvent & SourcePrice
07/29/2021

Closed

SJSRMLS #551413

$364,000
07/28/2021

Closed (Public Record)

Public Record #1473547424

$364,000
06/08/2021

Pending

SJSRMLS #551413

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1506 New Road

Taxable ValueLand$110,400Additions$166,000Total$276,400
Tax Record2025$10,442 ($870 / month)
Home Facts
Total Finished SqFt2,453 SqFtAbove Grade Finished SqFt2,453 SqFtStories2Lot Size8,263 SqFtStyleMulti-Family Res (5+ Units)ZoningO-PBCountyATLANTICAPN18-00095-0000-00054

Schools near 1506 New Road

This home is within Mainland Regional High School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Private - PK to 7
Rating
School
Distance
Northfield Community Elementary School
PublicPK to 4

Northfield Community Middle School
Public5 to 8

Mainland Regional High School
Public9 to 12

Jewish Community Day School
PrivatePK to 7

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1506 New Road, Northfield, NJ 08225
$364,000
8,262
2,022
15,699
$183,400
2,902
11,122
$165,000
1,008
17,316

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of FARLEY and FERRY REALTY, INC

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.