$595,000

84 Mill St 2, Newton Town, NJ 07860

  • 5 beds |
  • 3 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1810
  • Property Lot Size Icon0.92acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon 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

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Merriam Avenue Elementary School

81 Merriam Ave, Newton, NJ, 07860

Grades PK-5

1.33 miles away

H

Halsted Middle School

59 Halsted St, Newton, NJ, 07860

Grades 6-8

0.77 miles away

N

Newton High School

44 Ryerson Ave, Newton, NJ, 07860

Grades 9-12

0.95 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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