129 Carolina Ave Newark City, 07106

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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 )