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Buy a multi-family propertyat 5 Old New York Road, New Gretna, NJ 08224

$459,000

$460,000 (-0.22%)

$0/mo

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Multifamily

2,380 Sq. Ft.

3.6 Acres lot

278 Days on market

22235273 MLS ID

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About 5 Old New York Road multi-family property

8% Cap rate. Income property, 3 family with 4 rents. Cash flow now is $3745 a month. 3.6 Acres. The property has abrand-new septic system, brand-new well. New oil tank and updated high efficient oil furnace. Tenantspay for their own electric and cable owner pays for oil. The rent has not been raised for a couple ofyears so it is due. All tenants now are month to month. New vinyl flooring was installed 3 years ago.Rent from 3 family house and 30x90 garage. Can also rent space on the champagne bottle billboard.Unit 1 $850 1 bedroomUnit 2 $875 1 bedroomUnit 3 $1300 2 bedroomUnit 4 $720 garage
8% Cap rate. Income property, 3 family with 4 rents. Cash flow now is $3745 a month. 3.6 Acres. The property has abrand-new septic system, brand-new well. New oil tank and updated high efficient oil furnace. Tenantspay for their own electric and cable owner pays for oil. The rent has not been raised for a couple ofyears so it is due. All tenants now are month to month. New vinyl flooring was installed 3 years ago.Rent from 3 family house and 30x90 garage. Can also rent space on the champagne bottle billboard.Unit 1 $850 1 bedroomUnit 2 $875 1 bedroomUnit 3 $1300 2 bedroomUnit 4 $720 garage

Property details

Basement

Basement: Yes

House

Levels: 2.0

Fireplaces

Fireplace: No

Garage

Garage: Yes

Water

Waterfront: No

Waterview: No

Location

Area/Section: New Gretna

Complex/Subdivision: None

County: Burlington

Municipality: Bass River (BAS)

Pool

Pool: No

Taxes

Tax Year: 2022

Taxes: $4,564

Monthly cost

Estimated monthly cost

$3,587/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$431,460

+$13,770

$445,230

Seller agent commission$13,770 (3%)*

$0 (0%)

Buyer agent commission$13,770 (3%)*

$13,770 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $13,770 more selling your home
with a Unreal Estate agent

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Unreal Estate checked: Aug 8, 2023 at 4:41 p.m.

Data updated: May 12, 2023 at 12:29 p.m.

Courtesy of Mark Meyers, Keller Williams Shore Properties.
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing Information © 2023 Monmouth Ocean Regional MLS. All Rights Reserved.

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