Parking2 Car Width, Additional Parking, Blacktop, Driveway-Exclusive, Off-Street Parking
Year Built1944
HeatingElectric, Natural Gas
CoolingNone
BasementYes
MLS #3927681
Lot Size0.10 Acres
StatusActive
About 129 Carolina Ave
Well-maintained 4-family investment property offering a total of 6 bedrooms and 4 bathrooms. An impressive floor plan spanning approx 3,990 sqft is extremely spacious allowing for both 1-bedroom units to be easily converted into 2-bedroom units, providing excellent potential for increased rental income. The potential annual rental income for this property is $88,000, with annual taxes amounting to $7,929. This results in a net annual income of $80,071 before utilities and debt servicing charges. Currently, the rent roll is approximately $68,616 annually. Property has hardwood floors throughout and comes with newer roofing, furnace and windows. Basement is full size, standing height and amazing with unlimited potential. This is a commuter's delight, conveniently located near a NYC bus stop, 5 Minutes' drive to NYC train station, 15 minutes from Newark Liberty Airport, and close to major highways and shopping malls. ( Conventional loans only )
Property Details
Property Features
Property Information:
Architectural Style: Fourplex
Year Built: 1944
Listing Office:
Office Name: COLDWELL BANKER REALTY
Office Phone: (908) 422-8621
Interior Features
Interior Information:
Appliances: Refrigerator
Basement: Yes
Interior: Fire Extinguisher, High Ceilings, Smoke Detector, Tile Floors, Wood Floors
Bedroom and Bathroom Information:
Full Bathrooms: 4
Total Bedroom Count: 6
Exterior Features
Exterior Information:
Exterior: Curbs, Sidewalk
Parking Information:
Parking: 2 Car Width, Additional Parking, Blacktop, Driveway-Exclusive, Off-Street Parking
Lot Features
Lot Information:
Lot: Level
Lot Size: 0.10 Acres
Utilities
Utilities Information:
Heating: Electric, Natural Gas
Cooling: None
School Info
Assigned Schools Information:
Central High School, Public District Grades 9-12
Weequahic High School, Public District Grades 9-12
Malcom X Shabazz High School, Public District Grades 9-12
Ivy Hill Elementary School, Public District Grades PK-8
Other
Directions Information:
Directions: Carolina Ave
Price Information
Listing Price Info
Price Summary:
List Price: $650,000
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Ivy Hill Elementary School
107 Ivy St
Distance between this listing and this school0.64 miles
Public District Grades PK-8
High School
1
/10
Central High School
250 18th Ave
Distance between this listing and this school1.87 miles
Public District Grades 9-12
1
/10
Weequahic High School
279 Chancellor Ave
Distance between this listing and this school2.02 miles
Public District Grades 9-12
1
/10
Malcom X Shabazz High School
80 Johnson Ave
Distance between this listing and this school2.26 miles
Public District Grades 9-12
Assigned Schools
4
/10
Ivy Hill Elementary School
107 Ivy St
Distance between this listing and this school0.64 miles
Public District Grades PK-8
Nearby Schools
5
/10
University Elementary School
1 University Pl
Distance between this listing and this school0.29 miles
Public District Grades KG-5
3
/10
Lincoln Elementary School
87 Richelieu Ter
Distance between this listing and this school0.58 miles
Public District Grades PK-8
Nearby Schools
4
/10
Universiy Middle School
255 Myrtle Ave
Distance between this listing and this school0.29 miles
Public District Grades 6-8
4
/10
Benjamin Banneker Academy
500 S Clinton St
Distance between this listing and this school0.76 miles
Public District Grades PK-8
6
/10
Pride Academy Charter School
117 Elmwood Ave
Distance between this listing and this school1.10 miles
Public Charter Grades 5-8
Assigned Schools
1
/10
Central High School
250 18th Ave
Distance between this listing and this school1.87 miles
Public District Grades 9-12
1
/10
Weequahic High School
279 Chancellor Ave
Distance between this listing and this school2.02 miles
Public District Grades 9-12
1
/10
Malcom X Shabazz High School
80 Johnson Ave
Distance between this listing and this school2.26 miles
The neighbors living near this home have an average income of $46,327. The most common annual income of people living in Newark, NJ is less than $35k. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
This home is located at 129 Carolina Ave in Newark City, NJ and zip code 07106 in the West Ward neighborhood. This home, which was built in 1944, sits on a 0.10 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 04, 2024 and is currently priced at $650,000.
In September 2024 in Newark, NJ there were 23.4% more homes for sale than in August 2024. In September 2024 median list price was $479,785 and the average listing age was 102 days.
From Rocket Homes Real Estate and based on county public records data.