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Michael Santini Broker/Owner
(732) 469-2333

Golden Key Realty

1934 Washington Valley Road
Martinsville, NJ 08836
Phone: 732 469-2333

14 Plainfield Avenue
Piscataway, NJ 08854
732) 885-1188 Office
(732) 885-1230 Fax

Email: See Agents under More

Our Past...
At Golden Key Realty, we take great pride in being a family-operated business. Since 1972, our founder, Joseph Santini, pioneered the old-fashioned values of hard work and honesty as the cornerstone of our company. Today, his sons, Michael and David Santini, take great pride in continuing in their father’s footsteps. By adhering to the “Golden Rule”, our family of fine agents continues to strive to the utmost in personal service and commitment to our clients.


Our Present...
By combining our first-hand knowledge of our community, our deep understanding of the current real estate market and trends with state-of–the-art technology and unparalleled service we are ready, willing and able to meet all your real estate needs.


Your Future...
is our number one concern. Whether you are buying, selling, building, investing or renting we are prepared to listen to your needs, promote your interests and get the job done. We value our clients and know that working well together is the key to success.

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$450,000 For Sale

246-248 Nye Ave
Newark City, NJ 07112

4 units | Multi Family Home
5663 sq ft lot - MLS# 3428238
Property Photo
1/11

Description

Calling All Investors!! Over 48K net profit!!! Calling All Investors!! Over 48K net profit!!! Potential to increase rent roll due to its good location off the highway.This SIX(6) unit boasts 2 bedrooms each unit and is FULLY RENTED with some long term tenants. All mechanical units are newer and in good working condition. Parking lot in the back can fit 5 vehicles comfortably. A super is available to the new owners if they choose. True TURN-KEY operation that is awaiting its new owners today!!!

Features

  • # of Parking Spaces: 5
  • Approximate Lot Size: 50.3X111.10
  • Basement: Full Yes
  • Baths (full): 6
  • Bedrooms: 12
  • Construction Date/Year Built Des: Approximate
  • County/Area: Essex County
  • Directions: GPS
  • Expenses Include: Cold Water, Garbage Collection, Insurance, Taxes
  • Exterior Description: Aluminum Siding
  • Fuel Type: Gas-Natural
  • Gross Operating Income: 68100
  • Heating: 4 Units
  • Listing Status: Active
  • Lot Identifier: 2
  • Lot SqFt: 5662.8
  • Net Operating Income: 48700
  • Parking Spaces: 5
  • Parking/Driveway Description: Concrete, Off-Street Parking
  • Property Type: Multi Family Home
  • Sewer: Public Sewer
  • Sub Type: Multi Family Home
  • Tax Amount: $12,040
  • Total Baths: 6.00
  • Total Operating Expense: 19400
  • Total Rooms: 29
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 2
  • Unit 1 Levels: 1
  • Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Owner Pays Water
  • Unit 1 Rent: 975
  • Unit 1 Room Description: Kitchen, Bedrooms, Living Room
  • Unit 1 Rooms: 5
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Levels: 2
  • Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Owner Pays Water
  • Unit 2 Rent: 950
  • Unit 2 Room Description: Kitchen, Bedrooms, Living Room
  • Unit 2 Rooms: 5
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 2
  • Unit 3 Levels: 3
  • Unit 3 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Owner Pays Water
  • Unit 3 Rent: 950
  • Unit 3 Room Description: Kitchen, Bedrooms, Living Room
  • Unit 3 Rooms: 5
  • Unit 4 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
  • Unit 4 Baths: 1.0
  • Unit 4 Bedrooms: 2
  • Unit 4 Levels: 4
  • Unit 4 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Owner Pays Water
  • Unit 4 Rent: 950
  • Unit 4 Room Description: Kitchen, Bedrooms, Living Room
  • Unit 4 Rooms: 5
  • Unit Style: 3-Three Story
  • Units: 4
  • Utilities: Gas-Natural
  • Water: Public Water
  • Year Built: 1920
  • Zip Code: 07112

Courtesy of:

  • More info
  • Michael Santini
    Broker/Owner
    REALTOR®
    Accredited Buyer's Representative
    Golden Key Realty
    1934 Washington Valley Rd
    Martinsville, NJ 08836
    Office: 732-469-2333
    Fax: (732) 469 2645
    Email: michsan2@aol.com
  • More info

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