84 Mill St 2, Newton Town, NJ 07860
- 5 beds |
- 3 baths
Multi-Family Home
Built in 1810
0.92acre lot
—— car garage
$——/sqft
Listed 8 months ago
Property Description
Welcome to 84 Mill St in Newton, NJ! This recently renovated two-family home offers a fantastic opportunity for homeowners and investors alike. Located conveniently in town, it is close to schools, shopping, and essential services, providing easy access to everyday needs. The property generates an impressive $61,000. in annual gross rental income, making it an attractive investment. Each unit has been thoughtfully updated, and the home boasts a large private yard perfect for outdoor enjoyment. Ample multi-car parking adds to its convenience. Whether you're looking for a great investment property or a comfortable place to call home with rental income potential, this property checks all the boxes! Home back on the Market. Buyer could not perform. Excellent income with GOI at $61,200 per year. Estimated NOI at $48,900 = 8% Cap Rate. and 116.66 Gross Rent Multiplier.
- Listing Status:
- Active
- Listing Office:
- RE/MAX PLATINUM GROUP : 973-726-5700
- MLS ID:
- 3937955
- Basement: Bilco-Style Door
- A/C: None
- Heating: Baseboard - Electric
This listing courtesy of RE/MAX PLATINUM GROUP
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Merriam Avenue Elementary School
81 Merriam Ave, Newton, NJ, 07860
Grades PK-5
1.33 miles away
Halsted Middle School
59 Halsted St, Newton, NJ, 07860
Grades 6-8
0.77 miles away
Newton High School
44 Ryerson Ave, Newton, NJ, 07860
Grades 9-12
0.95 miles away