103-105 Devon Street

Kearny, NJ 07032

$1,950,000
Price
Beds
6,372 Sq. Ft.
$306 / Sq. Ft.
6,372
Sq. Ft.
$306
per Sq. Ft.

Description

An exciting investment opportunity to own 6 unit, income-producing property in the heart of Kearny, NJ. Walking distance to public transportation, public parks, restaurants and shops, this property is the perfect addition to any investment portfolio. The property consists of four 2 bedroom/1 bath units and two 3 bedroom/1 bath units. Each unit has separate gas and electric meters so tenants are responsible for their own utilities with the exception of water. Property also features a rare, private...An exciting investment opportunity to own 6 unit, income-producing property in the heart of Kearny, NJ. Walking distance to public transportation, public parks, restaurants and shops, this property is the perfect addition to any investment portfolio. The property consists of four 2 bedroom/1 bath units and two 3 bedroom/1 bath units. Each unit has separate gas and electric meters so tenants are responsible for their own utilities with the exception of water. Property also features a rare, private backyard space for tenants to share. Coin operated laundry in the basement brings extra income and space to add storage units in the semi-finished basement provides an opportunity to add even more income! Some units are renovated while others have some room for value-add improvements. All units are occupied and tenants current on rent.
  1. Listed by Karen Phillips • Corcoran Infinity Properties • (201) 768-6868

Property Details for 103-105 Devon Street

Style
5+Family
Sub style
5-25

Location

Listing Courtesy of Corcoran Infinity Properties, Karen Phillips
Add your commute
LISTING UPDATED: 04/26/2024 10:08 AM

Property Details for 103-105 Devon Street

StatusActive
MLS #24007912
Days on Market47
Taxes$23,076 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeMixed Use / 5+Family
Year Built-
Lot Size-
CountyHudson County

Location

Listing Courtesy of Corcoran Infinity Properties, Karen Phillips
Add your commute

Building Information for 103-105 Devon Street

Stories3Residences6Year Built-Lot Size-

Payment Calculator

$12,565 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,642

Property Taxes

$1,923

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 103-105 Devon Street

Summary
Location and General Information
  • Area: 0907
  • Area name: Kearny
  • Directions: Devon Street between Hoyt & Tappan Street
  • Street Name: Devon
  • County Name: HUDSON
  • Status: ACTIVE
  • Zip Code: 07032
Taxes and HOA Information
  • Tax: $23,076
Property
Lot Information
  • Lot: 00011
  • Year Built: 1900-1939, Renovated
  • Propertype ro: Gas, Munincipal Water, Sewer
  • Sale sqft: 6372.0
  • Land sqft: 3999.0
  • Block: 00256
Property and Assessments
  • Photo: Y
  • Photo Number: 50
  • CourtAppYN: No
Interior and Exterior Features
Interior Features
  • Number of Units: 6
  • Number Of Stories: 3
  • Full Baths Total: 0
  • Num of Baths: 0.0
Exterior Features
  • Roof: Flat
  • Number of Elevator: 0
Multi Family
Multi-Family Information
  • No of Common units: 0
  • No2 Bedroom units: 4
  • No3 Bedroom units: 2
Income & Expenses Information
  • Gross Income: $143,400.00
  • Net Income: $111,323.00
  • Gross expenses: $32,077.00
Agent
Sale and Listing Information
  • Search Class: MIX
  • List Price: $1,950,000.00
  • Listing Date: 03-17-2024
  • Status Date: 03-17-2024
Showing Information
  • Internet Remarks: An exciting investment opportunity to own 6 unit, income-producing property in the heart of Kearny, NJ. Walking distance to public transportation, public parks, restaurants and shops, this property is the perfect addition to any investment portfolio. The property consists of four 2 bedroom/1 bath units and two 3 bedroom/1 bath units. Each unit has separate gas and electric meters so tenants are responsible for their own utilities with the exception of water. Property also features a rare, private backyard space for tenants to share. Coin operated laundry in the basement brings extra income and space to add storage units in the semi-finished basement provides an opportunity to add even more income! Some units are renovated while others have some room for value-add improvements. All units are occupied and tenants current on rent.
Rental
Rental Information
  • Owner pays: Common Area, Snow, Water

Property History for 103-105 Devon Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 103-105 Devon Street

Taxable ValueLand$49,500Additions$169,400Total$218,900
Tax Record2022$23,076 ($1,923 / month)
Home Facts
Stories3Lot Size4,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1905CountyHUDSONAPN07 00256-0000-00011

Schools near 103-105 Devon Street

This home is within Kearny School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - PK to 6
Rating
School
Distance
Franklin Elementary School
PublicPK to 6

Lincoln Middle School
Public7 to 8

Kearny High School
Public9 to 12

Washington Elementary School
PublicPK to 6

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.

Similar Homes

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103-105 Devon Street is a mixed use property for sale in Kearny, NJ 07032. This property was listed for sale on March 17, 2024 by Corcoran Infinity Properties, it's currently listed at $1,950,000. It has been on the market for a total of 47 days and was last sold on December 31, 2020. This listing's school district is Kearny School District. Nearby schools include Franklin Elementary School, Lincoln Middle School and Kearny High School. 103-105 Devon Street is a 0-bed, 0-bath, 6,372 sqft mixed use property.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Corcoran Infinity Properties, Karen Phillips

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 05/03/2024 07:20 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.