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614 Newark Ave

Elizabeth City, NJ 07208
  • $825,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: 3862938
UPDATED: 63 min ago
$825,000
  • 6
    BEDS
  • 0.16
    ACRES
  • 4
    BATHS
  • 2
    1/2 BATHS
Type:
Multi-Family
County:

School Ratings & Info

Description

Great opportunity to own this Mixed-use building, fully rented next to one of the busiest Walgreens Pharmacies in the Country. 1st fl. used to be a doctor's office. Now 1st floor is rented to a professional business for $3000.00. The other 2 apartments are below rent value, renting for $3,600.00. Bringing in a total of $79,200.00 of yearly gross income. 1st floor features waiting room, reception room, 6 separate offices, 2 half baths and a studio with kitchen and full bath. 2nd. floor features eat in kitchen, living room, 3 bedrooms, 2bathsand a large family room with wood fireplace. 3rd floor features 2 bedrooms full bath and storage room. Property has 8 parking spaces in the front. Another 5 parking spaces in the rear used by gentlemen agreement.

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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 United Real Estate North Jersey. 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 United Real Estate North Jersey 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 2023-09-27T19:46:38.57.
www.unitednorthjersey.com/homes/143086088
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614 Newark Ave Elizabeth City, NJ 07208

  • Price: $825,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 63 min ago
  • ID#: 3862938
6
Beds
4
Baths
2
½ Baths
0.16
Acres
County:
Union
Area:
Elizabeth City
Property Description
Great opportunity to own this Mixed-use building, fully rented next to one of the busiest Walgreens Pharmacies in the Country. 1st fl. used to be a doctor's office. Now 1st floor is rented to a professional business for $3000.00. The other 2 apartments are below rent value, renting for $3,600.00. Bringing in a total of $79,200.00 of yearly gross income. 1st floor features waiting room, reception room, 6 separate offices, 2 half baths and a studio with kitchen and full bath. 2nd. floor features eat in kitchen, living room, 3 bedrooms, 2bathsand a large family room with wood fireplace. 3rd floor features 2 bedrooms full bath and storage room. Property has 8 parking spaces in the front. Another 5 parking spaces in the rear used by gentlemen agreement.
Exterior Features

Approximate Lot Size 50X142 Exterior Description StuccoVinyl Siding Number Of Parking Spaces 11 Parking Driveway Description 2 Car WidthAdditional Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description UnfinishedWalkout Cooling 3 UnitsCentral Air Heating 3 Units Interior Features Carbon Monoxide DetectorCarpetingFire ExtinguisherSecurity SystemSmoke DetectorWood Floors Total Number Of Rooms 18 Unit1 Appliances Equipment CarbmdetCookgasFirealrmSecursysSmokedet Unit1 Baths 2.0 Unit1 Bedrooms 0 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description See Remarks Unit1 Rooms 9 Unit1 Security Deposit 3000 Unit1 Sq Ft 0 Unit2 Appliances Equipment CarbmdetCookgasSmokedet Unit2 Baths 1.0 Unit2 Bedrooms 1 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsEat-In Kitchen Unit2 Rooms 2 Unit2 Sq Ft 0 Unit3 Baths 3.0 Unit3 Bedrooms 5 Unit3 Fireplaces 0 Unit3 Levels 2 Unit3 Room Description AtticBedroomsDining RoomEat-In KitchenMaster BedroomPantry Unit3 Rooms 9 Unit3 Sq Ft 0

Property Features

Assessment Total 48000 Building Assessment 36000 Easement Unknown Expenses Include UtilitiesElectricHot & Cold WaterInsurance Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 79200 Land Assessment 12000 Net Operating Income 53560 Sewer Public Sewer Tax Amount 14678 Tax Rate Amount 30.579 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 25640 Unit Style 3-Three StoryUnder/Over Unit1 Owner Tenant Pays Owner Pays ElectricOwner Pays GasOwner Pays HeatOwner Pays Water Unit1 Rent 3000 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays ElectricOwner Pays GasOwner Pays HeatOwner Pays Water Unit2 Rent 850 Unit2 Security Deposit 550 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays ElectricOwner Pays GasOwner Pays HeatOwner Pays Water Unit3 Rent 2750 Unit3 Security Deposit 1100 Utilities ElectricGas-Natural Water Public Water Zoning Comercial

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Top Choice Realty Network: 908-353-8277.


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 United Real Estate North Jersey. 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 United Real Estate North Jersey 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 2023-09-27T19:46:38.57.
 
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