228 Emanuel Street
228 Emanuel Street
Closed 12/20/21
Closed 12/20/21
Description
228 Emanuel St has two, one-bed apartments with single baths and detached garage for extra income opportunity. It has separate gas boilers and water heaters and separate...This is one of two, nearly identical duplexes for sale across the street from each other in Hamilton Township. The other is 229 Emanuel St. They are available individually or as a package for real estate investors or live-in landlords. We will provide serious buyers detailed descriptions of each property and a financial analysis.
228 Emanuel St has two, one-bed apartments with single baths and detached garage for extra income opportunity. It has separate gas boilers and water heaters and separate electric meters. Tenants pay gas and electric. The upstairs apartment includes a finished attic. The downstairs apartment has a full basement. Both apartments have double-pane windows. It is a turnkey property that promises nearly maintenance-free operation and good income, high appreciation and, of course, depreciation benefits. Emanuel Street is very short and is really its own neighborhood. Properties are well-maintained and a number of owners have updated theirs. The apartments are both rehabbed and in excellent condition. The basement is partially finished for extra living area. The renovated kitchens feature granite countertops and the bathrooms include ceramic tile. The upstairs apartment has new carpet and laminate flooring and was painted a little more than a year ago. The downstairs apartment has refinished wood floors and has been freshly painted. The duplex is fully tenanted. Monthly rents are $1194 and $1350 for 228 Emanuel for a yearly total of $30,528. All rents are paid automatically through an online app. Monthly maintenance is low since the apartments have been well maintained. Tenants are on yearly leases. An independent appraisal of 228 Emanuel projected a nine-percent increase in value during 2021 across the entire neighborhood due to two factors: 1. Low inventory and a marketing time of less than 60 days. The appraisal report specifically said:
“THE MEDIAN PRICE OVER THE PAST 90 DAYS ($196,000) HAS INCREASED FROM THE SAME PERIOD OF 2019 ($180,000), SHOWING A 9% INCREASE.” It also reported that: “CURRENT MARKET CONDITIONS APPEAR TO BE STRONG; THUS, MARKETING TIME IS ESTIMATED TO BE UNDER 60 DAYS.”
- Listed by james E huckfeldt • EXP Realty, LLCP: 6094336599 jim@firstteamrealtyexchange.com
Property Details for 228 Emanuel Street
Location
Sold By Key Realty NJ
Property Details for 228 Emanuel Street
| Status | Closed |
|---|---|
| MLS # | NJME2003934 |
| Days on Market | 44 |
| Taxes | $5,328 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1935 |
| Lot Size | 0.08 AC / 3,484 SF |
| County | Mercer County |
Location
Sold By Key Realty NJ
Building Information for 228 Emanuel Street
Payment Calculator
$1,781 per month
30 year fixed, 7.25% Interest
$1,337
$444
$0
Property Information for 228 Emanuel Street
- School District Name: HAMILTON TOWNSHIP
- School District County ID: 300200396172
- SchoolDistrictSource: Listing Agent
- County: MERCER
- MLS Area: Hamilton Twp (21103)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Association Recreation Fee Y/N: No
- Tax Year: 2021
- Tax Assessed Value: $163,300
- Year Assessed: 2021
- Improvement Assessed Value: $134,400
- Land Assessed Value: $28,900
- Clean Green Assessed: No
- Land Use Code: 0
- Zoning: RESID
- Tax Lot: 00041
- Automatically Update Tax Values Y/N: Yes
- TaxDataUpdatedYN: No
- Owner Pays: Insurance, Lawn/Shrub Care, Repairs, Sewer, Taxes - Real Estate, Water
- Concessions: No
- Single Room Units Count: 0
- One Bedroom Units Count: 2
- Two Bedroom Units Count: 0
- Three Bedroom Units Count: 0
- Units Furnished: None
- Units Leased Count: 2
- Number Of Units Vacant: 0
- Number Of Units Month To Month: 0
- Rent Control: No
- Annual Rental Income: $30,528
- Existing Lease Type: Yearly
- Year Major Reno Remodel: 2020
- Building Units Total: 1
- Total Finished SQFT: 1,848.00
- Total Finished SQFT Source: Estimated
- Tax Total Finished SQFT: 1,623.00
- Total SQFT: 1,848.00
- Total SQFT Source: Estimated
- Construction Materials: Frame
- Roof: Asbestos Shingle
- Wall and Ceiling Types: Dry Wall, Plaster Walls
- Flooring Type: Hardwood, Laminated
- Lot Size Source: Estimated
- Lot Size Dimensions: 35.00 x 200.00
- Lot Dimensions Source: Assessor
- Parcel ID: 2099957
- Ground Rent Exists: No
- Type Of Parking: Driveway, Detached Garage
- Num of Detached Garage Spaces: 1
- Driveway - # of Spaces: 3
- Total Garage Spaces: 1
- Parking Features: Concrete Driveway
- Garage Features: Garage - Front Entry
- Fireplace: No
- Fireplaces Count: 0
- Appliances: Dryer, Refrigerator, Water Heater, Washer, Stove
- Accessibility Features: None
- Door Features: Six Panel, Storm
- Window Features: Double Pane, Double Hung
- Exterior Features: Gutter System
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- Utilities: Cable TV
- Heating: Yes
- Cooling Type: Wall Unit
- Cooling Fuel: None
- Heating Type: Baseboard - Hot Water
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
- Electric Service: 100 Amp Service
- List Agent AOR: CORE Association of REALTORS
Property History for 228 Emanuel Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 228 Emanuel Street
Schools near 228 Emanuel Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 5 |
Rating | School | Distance |
|---|---|---|
George E. Wilson Elementary School PublicPK to 5 | ||
Albert E Grice Middle School Public6 to 8 | ||
Hamilton North-Nottingham High School Public9 to 12 | ||
McGalliard Elementary School PublicPK to 5 |
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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Listing Courtesy of EXP Realty, LLC
Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board 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, Greator Scranton Board 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.