104-104 Goldsmith Ave, Newark, NJ
Sold
4 BATHROOMS
Spectacular 3-Unit Multi-Family Investment Property featuring a total of 8 bedrooms and 3.5 baths. Includes semi-finished basement, full / standing height / walkout access plus half bath. This exceptionally large property boasts approximately 5,090 square feet and is located in the desirable Weequahic area of Newark. The potential annual rental income is $79,200, with annual taxes of $7,579, resulting in a net annual income of $71,621 before accounting for utilities and debt servicing. Currently, the rent roll is approximately $48,672 per year. Units 1 and 2 are expansive, each offering approximately 2,000 square feet. Both layouts are similar and each comes with 3 bedrooms, 1 bath, and separate formal living and dining rooms. Additionally, Unit 2 includes a bonus room, ideal for an office. Unit 3 comes with 2 bedrooms / 1 baths with living /dining room combo. Electrical utilities are all separate. Above ground Oil Tank serves unit 2 & 3 and Gas boiler unit 1. Property comes with newer hot water heaters, newer boilers, roof, siding, 2 car garage plus additional parking for 3 cars. Property is also covered by American Home Shield which is transferable. This commuter’s delight is conveniently located in proximity to NYC bus stop & NYC trains / 10 Mins to Newark Liberty A/port and proximity to major highways, shopping malls.
Office: (973) 378-2285