127-129 Grafton Avenue

Newark, NJ 07104

$1,200,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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.
  1. Listed by Luis Rodriguez • Coccia Realty Better Homes & Gardens • (201) 997-7000

Property Details for 127-129 Grafton Avenue

Style
5+Family
Sub style
5-25

Location

Listing Courtesy of Coccia Realty Better Homes & Gardens, Luis Rodriguez
Add your commute
LISTING UPDATED: 04/23/2024 08:34 PM

Property Details for 127-129 Grafton Avenue

StatusActive
MLS #24010253
Days on Market22
Taxes$14,481 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeMixed Use / 5+Family
Year Built-
Lot Size-
CountyEssex County

Location

Listing Courtesy of Coccia Realty Better Homes & Gardens, Luis Rodriguez
Add your commute

Building Information for 127-129 Grafton Avenue

Stories3Residences6Year Built-Lot Size-

Payment Calculator

$7,756 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

$1,207

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 127-129 Grafton Avenue

Summary
Location and General Information
  • Area: 0714
  • Area name: Newark
  • Directions: Between Broadway and Summer Ave
  • Street Name: Grafton
  • County Name: ESSEX
  • Status: ACTIVE
  • Zip Code: 07104
Taxes and HOA Information
  • Tax: $14,481
Parking
  • Parking Spaces: 8
Property
Lot Information
  • Lot: 00040
  • Year Built: 1900-1939
  • Propertype ro: Gas, Munincipal Water
  • Land Depth: 130.0
  • Block: 00775
Property and Assessments
  • Photo: Y
  • Photo Number: 32
  • CourtAppYN: No
Interior and Exterior Features
Interior Features
  • Number of Units: 6
  • Ceiling high: 9.0
  • Number Of Stories: 3
  • Full Baths Total: 0
  • Num of Baths: 0.0
Exterior Features
  • Roof: Flat
  • Number of Elevator: 0
  • Construction: Brick
Multi Family
Multi-Family Information
  • No of Common units: 0
  • No2 Bedroom units: 1
  • No3 Bedroom units: 5
Agent
Sale and Listing Information
  • Search Class: MIX
  • List Price: $1,200,000.00
  • Listing Date: 04-08-2024
  • Status Date: 04-08-2024
Showing Information
  • Internet Remarks: 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.
Rental
Rental Information
  • Owner pays: O/See Rmrks

Property History for 127-129 Grafton Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 127-129 Grafton Avenue

Taxable ValueLand$160,000Additions$227,600Total$387,600
Tax Record2022$14,481 ($1,207 / month)
Home Facts
Stories3Lot Size5,519 SqFtStyleMulti-Family Res (5+ Units)CountyESSEXAPN14 00775-0000-00040

Schools near 127-129 Grafton Avenue

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Public - K to 8
Rating
School
Distance
Elliott Street Elementary School
PublicPK to 8

Technology High School
Public9 to 12

Luis Munoz Marin Ele
PublicPK to 8

Ridge Street Elementary School
PublicK to 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.

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127-129 Grafton Avenue is a mixed use property for sale in Newark, NJ 07104. This property was listed for sale on April 8, 2024 by Coccia Realty Better Homes & Gardens, it's currently listed at $1,200,000. It has been on the market for a total of 22 days and was last sold on June 18, 2019. This listing's school district is The Newark Public School District. Nearby schools include Elliott Street Elementary School, Technology High School and Luis Munoz Marin Ele. 127-129 Grafton Avenue is a 0-bed, 0-bath, 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 Coccia Realty Better Homes & Gardens, Luis Rodriguez

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 05/02/2024 06:09 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.