127-129 Grafton Avenue
127-129 Grafton Avenue
$1,200,000
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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.
- Listed by Luis Rodriguez • Coccia Realty Better Homes & Gardens • (201) 997-7000
Property Details for 127-129 Grafton Avenue
Style
5+Family
Sub style5-25
Location
LISTING UPDATED: 04/23/2024 08:34 PM
Property Details for 127-129 Grafton Avenue
Status | Active |
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MLS # | 24010253 |
Days on Market | 22 |
Taxes | $14,481 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Mixed Use / 5+Family |
Year Built | - |
Lot Size | - |
County | Essex County |
Location
Building Information for 127-129 Grafton Avenue
Stories3Residences6Year Built-Lot Size-
Payment Calculator
$7,756 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 127-129 Grafton Avenue
Property History for 127-129 Grafton Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 |
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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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