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56 Cortland St

Newark City, NJ 07105
  • $829,000
  • STATUS: Active
  • ON SITE: 128 Days
  • MLS #: 3809820
$829,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,800
    SQFT
  • $173
    $/SQFT
Type:
Commercial
Built:
1950
County:
Essex
Area:
Newark City

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Description

Take advantage of this Cash flow positive rental Mix Use property! Rent roll is $5,050 per month!. 3 units have 2 bedrooms and there are 2 bonus basement units & a laundromat - which is now vacant. The laundromat equipment is part of the sale of the property. There are all leases in places & some are month to month. Property has separate utilities and the tenants pay for hot water, gas, electricity & heat. The Owner pays the rest other then the water bill from the laundromat.

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Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Christie's International Real Estate Group. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Group are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-02-03T23:46:21.743.
www.srrealestategroup.com/homes/133473500
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56 Cortland St Newark City, NJ 07105

  • Price: $829,000
  • Status: Active
  • On Site: 128 Days
  • MLS #: 3809820
0
Beds
0
Baths
0
½ Baths
N/A
Acres
4,800
SQFT
$173
$/SQFT
1950
Built
County:
Essex
Area:
Newark City
Property Description
Take advantage of this Cash flow positive rental Mix Use property! Rent roll is $5,050 per month!. 3 units have 2 bedrooms and there are 2 bonus basement units & a laundromat - which is now vacant. The laundromat equipment is part of the sale of the property. There are all leases in places & some are month to month. Property has separate utilities and the tenants pay for hot water, gas, electricity & heat. The Owner pays the rest other then the water bill from the laundromat.
Exterior Features

Approximate Lot Size 24.73.7AVG. Construction See Remarks Exterior Description See Remarks Location Residential Area Number Of Bays 0 Number Of Docks 0 Parking Driveway Description On-Street Parking Roof Description See Remarks

Interior Features

Basement Yes Basement Description Finished-PartiallyStorage Cooling Wall A/C Unit(S)Window A/C(S) Equipment Available AppliancesRestrooms - PublicSee RemarksSmoke DetectorStorage Area(S) Floors See Remarks Heating 4+ Units Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 6 Office Sq Ft 0

Property Features

Building Number 56 Expenses Include ElectricityGas/OilInsuranceTaxesWater/Sewer For Sale Or Lease For Sale Fuel Type Gas-Natural Gross Operating Income 71100 Monthly Maintenance Fee 0 Net Operating Income 54174 Owner Pays Maintenance-Common AreaSewerSnow RemovalTrash RemovalWater Primary Property Type Mixeduse Property Type Mixed UseSee Remarks Sale Includes Building OnlyEquipment Sewer Public Sewer Suite Number 1-6 Tax Amount 5886 Tax Rate Amount 3.734 Tax Rate Year 2021 Tax Year 2021 Tenant Pays ElectricGasHeatHot Water Total Operating Expense 16926 Utilities Gas-Natural Utilities Paid By Tenant Water Public Water Year Built Description ApproximateUnknown Zoning Mix Use

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Franko Realty Llc: 888-869-6707.


Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Christie's International Real Estate Group. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Group are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-02-03T23:46:21.743.
 
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Christie's International Real Estate Group
47 Maple Street
Summit NJ, 07901