123 Park Avenue

Madison, NJ 07940

$599,000
Price
3
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Great investment property! Legal 2 family home convenient to town, trains and school. Rents are currently lower than market value as landlord has not increased yearly, rent includes heat and water. House is in as is condition! Tenants pay cooking gas. Landlord pays heat and water.

Property Details for 123 Park Avenue

Directions
Park Ave to North St., #123 at corner facing Park Ave.
Days On Market
6

Location

Listing Courtesy of COLDWELL BANKER REALTY, JAMES F CANNON

Property Details for 123 Park Avenue

StatusActive
MLS #3708693
Days on Market33
Taxes$6,875 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 2-Two Story
Year Built1940
Lot Size0.19 AC / 8,276 SF
CountyMorris County

Contact a Compass agent

Location

Listing Courtesy of COLDWELL BANKER REALTY, JAMES F CANNON

Building Information for 123 Park Avenue

Stories-Residences2Year Built1940Building Size-Lot Size0.19 AC / 8,276 SF

Payment Calculator

$2,580 per month

30 year fixed, 2.95% Interest

Principal and Interest

$2,007

Property Taxes

$573

HOA Dues

$0

Property Information for 123 Park Avenue

Summary
    Location and General Information
  • Address Included: Y
  • Building #: 123
  • Middle/Jr High School: Madison Jr
  • High School: Madison
  • Renovated Year: 2005
  • County #: 23
  • Town Name: Madison Boro
  • Block Identifier: 1108
  • Color of Building: Cream
  • Town #: 2318
  • Street # Display: 123
  • # Parking Spaces: 4.0
    Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $6,875
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 342900.0
  • Tax ID For Property: 2317-01108-0000-00006-0000-
  • Tax Rate Amount: $2
  • Tax Rate Tax: *
  • Tax Rate Year: 2020
  • Tax Year: 2020
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
    Parking
  • Parking/Driveway Description: Assigned, Off-Street Parking
  • # Garage Spaces: 2.0
  • Garage Description: Detached Garage
Property
    Lot Information
  • Lot Description: Level Lot
  • Lot Identifier: 6
  • Approximate Lot Size: 0.190 AC
  • Total Acres: 0.19
  • Construction Date/Year Built: 1940
  • Construction Date/Year Built Des: Approximate
    Property and Assessments
  • Assessment Bldg: 162500.0
  • Assessment Land: 180400.0
    Utilities
  • Cooling: 1 Unit, Central Air, Wall A/C Unit(s)
  • Services: Cable TV Available, Fiber Optic Available, Garbage Included
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 1 Unit, Radiators - Steam
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
    Exterior Features
  • Exterior Description: Vinyl Siding
  • Exterior Features: Deck, Enclosed Porch(es), Open Porch(es)
    Interior Features
  • Interior Features: Carbon Monoxide Detector, Carpeting, Fire Extinguisher, Smoke Detector
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Bilco-Style Door, Unfinished
  • Easement: Unknown
Multi Family
    Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Dishwasher, Dryer, Range/Oven - Gas, Refrigerator, Smoke Detector, Washer
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 1
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Tenant Pays Electric
  • Unit 1 Rent: 1675.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Family Room, Living Room, Porch, Sunroom
  • Unit 1 Rooms: 3.0
  • Unit 1 Security Deposit: 2512.0
  • Unit 1 Sq Ft: 660.0
    Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 2.0
  • Unit 2 Owner/Tenant Pays: Tenant Pays Electric
  • Unit 2 Rent: 1550.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Family Room
  • Unit 2 Rooms: 3.0
  • Unit 2 Security Deposit: 2325.0
  • Unit 2 Sq Ft: 643.0
    Multi-Family Information
  • Unit Style: 2-Two Story
    Income & Expenses Information
  • Total Operating Expense: $6,147.00
  • Expenses Include: Heat, Insurance, Maintenance, Taxes
  • Net Operating Income: $32,553.00
  • Gross Operating Income: $38,700.00
Rental
    Rental Information
  • Home Warranty: false

Property History for 123 Park Avenue

DateEvent & SourcePriceAppreciation
Apr 29, 2021

Listed (Active)

GSMLS #3708693

$599,000
DateEvent & SourcePrice
04/29/2021

Listed (Active)

GSMLS #3708693

$599,000

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

Public Records for 123 Park Avenue

Taxable ValueLand$180,400Additions$162,500Total$342,900
Tax Record2020$6,875 ($573 / month)
Home Facts
Beds0Total Finished SqFt1,536 SqFtAbove Grade Finished SqFt1,536 SqFtStories2Lot Size8,276 SqFtStyleSingle Family ResidenceYear Built1900ZoningCCCountyMORRISAPN1701108000000006

Schools near 123 Park Avenue


SchoolTypeGradesDistanceRating
Central Avenue Elementary SchoolPublicPK-50.6 mi
8
St Vincent Martyr SchoolPrivatePK-80.7 mi
NR
Madison High SchoolPublic9-120.7 mi
7
Madison Junior Middle SchoolPublic6-81.0 mi
8

Central Avenue Elementary School

PK-5, 0.6 mi, Public

8

St Vincent Martyr School

PK-8, 0.7 mi, Private

NR

Madison High School

9-12, 0.7 mi, Public

7

Madison Junior Middle School

6-8, 1.0 mi, Public

8

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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123 Park Avenue is a multi-family home for sale in Madison, NJ 07940. This property was listed for sale on April 29, 2021 by COLDWELL BANKER REALTY at $599,000. This listing's school district is Madison School District. Nearby schools include Central Avenue Elementary School, St Vincent Martyr School and Madison High School. 123 Park Avenue is a 3-bed, 2-bath, multi-family home built in 1940. This address can also be written as 123 Park Ave.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COLDWELL BANKER REALTY, JAMES F CANNON

The data relating to the real estate for sale and sold listing information on this web site comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program and has been authorized by participating listing broker members for display. Real estate listings held by brokerage firms other than Compass are marked with the NJMLS logo and include the name of the listing broker. Some properties listed with the participating brokers do not appear on this website at the request of the seller. All information deemed reliable but not guaranteed. Last date updated 06/16/2021 10:48 AM Source: New Jersey Multiple Listing Service Inc. © 2021 New Jersey Multiple Listing Service Inc. All rights reserved. The data displayed relating to real estate for sale comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Copyright © 2021 Garden State Multiple Listing Service, L.L.C. All rights reserved.