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About the Listing CMSP01 - 3133370
PRIME INVESTMENT OPPORTUNITY SITUATED ON A QUIET CORNER LOT IN OAKLYN!!! Don't miss this staggering x6 unit building featuring x4 2BD/1BTH units & x2 1BD/1BTH units along with a private basement & spacious private parking lot! Units are filled with an abundance of natural light & brimming with historic charm as well as updated touches & upgrades. Brand new high efficiency heater with separate electric & gas. Tenants are responsible for electric & gas, the landlord is responsible for water & heat. Property is currently generating around 6k/mo in rental income with one vacant unit & room for tremendous growth. Whether you are a savvy investor looking to add SIX quality doors to your portfolio or an owner-occupant buyer living in either one of the 1 or 2 bedroom units while letting the tenants pay your mortgage AND still generating positive cash flow - then this incredible value add is for you! **Offer memorandum w/ rent roll & financials attached in Bright documents. The next proposed Group Showings (not an open house), will be Mon (8/18) @ 1p & Wed (8/27) @ 4p**
Listing Highlights for 617 Newton Ave
Status
Active
Days on Site
218
Property Type
Multi-Family
MLS ®
NJCD2085252
Year Built
1935
Total Square Footage
6,042
Lot/Acreage
0.24
Interior Details
- Bedrooms: 10
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating: Radiator
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 6042
- Below Ground Sq Ft: 0
- Basement: Partial
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 6
- Lot Dimensions: 75.00 x 140.00
- Zoning: RES
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Gravel Driveway,Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $15,411
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
617 Newton Ave Oaklyn, NJ 08107
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