8 Newton Avenue

Sussex, NJ 07461

$399,900
Price
4
Beds
2
Baths
1
1/2 Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Wow! Renovated, mixed use building located in downtown sussex. This 3 story building features a commercial store front on the 1st floor and 2- 2 bedroom apartments on the 2nd and 3rd floor. The store is renovated and has a lease. The second floor unit is renovated and features 2 bedrooms, living room, kitchen and a full bathroom. The 3rd floor unit features a new kitchen, 2 bedrooms, living room, kitchen and a full bathroom. The store front is fueled by oil heat, the second and third floor apartments...Wow! Renovated, mixed use building located in downtown sussex. This 3 story building features a commercial store front on the 1st floor and 2- 2 bedroom apartments on the 2nd and 3rd floor. The store is renovated and has a lease. The second floor unit is renovated and features 2 bedrooms, living room, kitchen and a full bathroom. The 3rd floor unit features a new kitchen, 2 bedrooms, living room, kitchen and a full bathroom. The store front is fueled by oil heat, the second and third floor apartments are electric heat. Public water and sewer service the building. Each unit does have separate water meters, but the landlord is currently paying the water and sewer. Leases are all ready to renew and all tenants would like to stay. Sussex is an up-and-coming town and is close to major routes and shopping. Solid investment with room to grow.
  1. Listed by JOSEPH MORREALE • RE/MAX SELECT

Property Details for 8 Newton Avenue

Directions
8 NEWTON AVE, SUSSEX
Days On Market
40

Location

Listing Courtesy of RE/MAX SELECT, JOSEPH MORREALE
Add your commute
LISTING UPDATED: 04/12/2024 09:14 AM

Property Details for 8 Newton Avenue

StatusActive
MLS #3888833
Days on Market56
Taxes$7,271 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built1911
Lot Size0.04 AC / 1,742 SF
CountySussex County

Location

Listing Courtesy of RE/MAX SELECT, JOSEPH MORREALE
Add your commute

Building Information for 8 Newton Avenue

Stories-Residences3Year Built1911Building Size-Lot Size0.04 AC / 1,742 SF

Payment Calculator

$2,788 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,182

Property Taxes

$606

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8 Newton Avenue

Summary
Location and General Information
  • Zoning: C-1
  • Active Days on Market: 38
  • Renovated Year: 2022
  • County #: Sussex
  • Town Name: Sussex Boro
  • Block Identifier: 701.01
  • Listing Type: Exclusive Right to Sell
  • Color of Building: WHITE
  • Town #: 2823.0
  • Street # Display: 8.0
  • # Parking Spaces: 0
  • County Or Parish: Sussex
  • Street Name: Newton Ave
  • Zip Code: 07461-2312
  • Total Units: 3
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $7,271
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 206000.0
  • Tax ID For Property: 2821-00701-0001-00007-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: On-Street Parking
  • # Garage Spaces: 0
Property
Lot Information
  • Lot Description: Level Lot
  • Lot Identifier: 7
  • Approximate Lot Size: 25X64
  • Total Acres: 0.04
  • Construction Date/Year Built: 1911
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 162000.0
  • Assessment Land: 44000.0
  • Farm Assessment: No
Utilities
  • Cooling: Wall A/C Unit(s)
  • Services: Garbage Extra Charge
  • Utilities: Electric
  • Water: Public Water
  • Water Heater: Electric
  • Heating: 1 Unit, Baseboard - Electric, Forced Hot Air
  • Fuel Type: Electric,OilAbIn
  • Sewer: Public Sewer, Sewer Charge Extra
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
  • Exterior Features: Sidewalk, Thermal Windows/Doors
Interior Features
  • Interior Features: Carbon Monoxide Detector, Carpeting, Smoke Detector, Vinyl-Linoleum Floors
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Full, Unfinished, Walkout
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Smoke Detector
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 0
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Lease Expiration: 07-31-2024
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Heat
  • Unit 1 Rent: 875.0
  • Unit 1 Room Description: See Remarks
  • Unit 1 Rooms: 3.0
  • Unit 1 Security Deposit: 1275.0
  • Unit 1 Sq Ft: 1100.0
Unit 2 Information
  • Unit 2 Appl/Equip: CarbMDet, CookElec, Microwav, Refrig, SmokeDet
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Lease Expiration: 03-15-2024
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Heat
  • Unit 2 Rent: 1550.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 2325.0
  • Unit 2 Sq Ft: 900.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Microwave Oven, Range/Oven - Electric, Refrigerator, Smoke Detector
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 2
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Lease Expiration: 03-15-2024
  • Unit 3 Levels: 1.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Heat
  • Unit 3 Rent: 945.0
  • Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • Unit 3 Rooms: 5.0
  • Unit 3 Security Deposit: 815.0
  • Unit 3 Sq Ft: 900.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $15,000.00
  • Expenses Include: Cold Water, Insurance, Taxes
  • Net Operating Income: $24,360.00
  • Gross Operating Income: $39,360.00
Rental
Rental Information
  • Home Warranty: false

Property History for 8 Newton 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 8 Newton Avenue

Taxable ValueLand$44,000Additions$162,000Total$206,000
Tax Record2022$7,035 ($586 / month)
Home Facts
Total Finished SqFt2,832 SqFtAbove Grade Finished SqFt2,832 SqFtStories3Lot Size1,599 SqFtStyleMiscellaneous CommercialZoningC-1CountySUSSEXAPN21 00701- 01-00007

Schools near 8 Newton Avenue

This home is within High Point Regional High School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Clifton E. Lawrence Elementary School
PublicPK to 2

Wantage Elementary School
Public3 to 5

Sussex Middle School
Public6 to 8

High Point Regional High School
Public9 to 12

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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

8 Newton Avenue is a multi-family home for sale in Sussex, NJ 07461. This property was listed for sale on March 3, 2024 by RE/MAX SELECT, it's currently listed at $399,900. It has been on the market for a total of 56 days and was last sold on March 14, 2022. This listing's school districts are High Point Regional High School District, Sussex-Wantage Regional School District. Nearby schools include Clifton E. Lawrence Elementary School, Wantage Elementary School and Sussex Middle School. 8 Newton Avenue is a 4-bed, 2.5-bath, multi-family home built in 1911.

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 RE/MAX SELECT, JOSEPH MORREALE

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 04/28/2024 08:40 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.