129 Carolina Ave, Newark, NJ
Sold Price: $700,000
Asking Price: $650,000
Well-maintained 4-family investment property offering a total of 6 bedrooms and 4 bathrooms. An impressive floor plan spanning approx 3,990 sqft is extremely spacious allowing for both 1-bedroom units to be easily converted into 2-bedroom units, providing excellent potential for increased rental income. The potential annual rental income for this property is $88,000, with annual taxes amounting to $7,929. This results in a net annual income of $80,071 before utilities and debt servicing charges. Currently, the rent roll is approximately $68,616 annually. Property has hardwood floors throughout and comes with newer roofing, furnace and windows. Basement is full size, standing height and amazing with unlimited potential. This is a commuter's delight, conveniently located near a NYC bus stop, 5 Minutes' drive to NYC train station, 15 minutes from Newark Liberty Airport, and close to major highways and shopping malls. ( Conventional loans only )
Reviews
Marvin was really nice, however after spending $150 on applications fee and sending pay stubs, we never heard back. He informed us that we will hear from him and we never did. The next thing you know...
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03/08/2025 - agnesanokye
In February 2020, when we were preparing our home for the market the pandemic hit us. We were downsizing our home and hoping to buy a townhouse in Bridgewater. We became concerned that it was the...
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03/28/2021 - t daley2
We worked with Marvin to sell an investment property in Elizabeth. NJ. There were touchy situations with tenants that Marvin did not need to involve himself in, but he did and was a huge asset in...
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03/03/2021 - Toby 2007
What can I say, we could not have done it without Marvin. As a resident of Hillside for a number of years my husband and I made the decision to relocate to South Carolina. From the get-go Marvin...
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01/23/2021 - gthu93
Marvin was a pleasure to work with and his responsiveness, neighborhood knowledge, real estate experience made a difference in finding a perfect rental home in Union NJ. He listens well and paid...
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11/30/2020 - zuser20161123195612941
Marvin demonstrated he had the heart and hustle to get us a great deal on the sale of our home in Union Township NJ. I appreciated his level of optimism and his positive outlook despite operating in...
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11/06/2020 - alsg2211
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