103 Catawba Ave Newfield, NJ 08344

Listing Details

• Property Type: Multi-Family
• Architectural Style: Carriage House, Victorian
• Ownership: Fee Simple
• Exclusions: Tenants Personal Belongings.
• Home Warranty: No
• Inclusions: All existing appliances and fixtures in their as-is condition.
• New Construction: No
• Expected On Market: 2022-03-31
• Year Built: 1900
• Automatically Close On Close Date: No
• Remarks Public: Offer Accepted, waiting on contracts to be signed with attorneys! ***INVESTOR ALERT****Looking for a well maintained 6 PLEX? Your search is officially over! Consisting of 2 separate buildings on a large lot, this property has been well maintained and updated over the years. The front house has a 2 bedroom unit on each level and is equipped with gas forced air heat, central AC (Newer Goodman unit was installed in 2020), a full unfinished walkout basement, with access to it from the first level unit, a floored storage attic with access from the second level unit, and updated 200 amp electric. The back unit contains 4/ 1 bedroom units, all equipped with electric baseboard heat and no AC (Just window units). There is also a small efficiency unit that is currently being used for storage but could be turned back into an income producing unit. Tenants pay gas and electricity (all utilities are separate). Landlord pays Water, Taxes, Insurance, Septic maintenance, Private trash collection, Common area electric and lawn care/snow removal. Total income is $ 64,800 with expense at approx... $ 27,394. Annual income is around $37,406! It is registered as a 6 Unit. The state inspection was completed 9/3/19 (good for 5 years). All tenants are current on rent. The roof on the front building is 2 years old. The roof on the back building is 15 years old. The septic was replaced 12 years ago. It doesn't get any better than this! Units 2, 4, & 7: Tenants work nights and will not be available to show. 5 of the 6 rented units are on month to month leases. Great long term tenants that would all enjoy staying. In a quite area of Newfield. Make your offer today!
• Special Features: None
• Property Sub Type: MultiFamily

Interior Features

• Flooring Type: Vinyl, Carpet
• Interior Amenities: Ceiling Fan(s), Attic, Carpet, Combination Kitchen/Dining, Kitchen - Eat-In, Tub Shower
• Window Features: Energy Efficient
• Fireplace: No
• Foundation Details: Concrete Perimeter, Brick/Mortar
• Basement: Yes
• Basement Type: Partial, Unfinished
• Total Sq Ft: 1914
• Living Area Sq Ft: 1914
• Price Per Sq Ft: 208.93
• Above Grade Finished Sq Ft: 1914
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 103

Exterior Features

• Other Structures: Above Grade, Below Grade
• Construction Materials: Vinyl Siding, Wood Siding
• Exterior Features: Sidewalks, Exterior Lighting
• Roof: Pitched, Shingle
• View: Garden/Lawn
• Water Access: No
• Waterfront: No
• Water Oriented: No
• Pool: No Pool
• Tidal Water: No
• Water View: No

Garage/Parking

• Garage: No
• Parking Features: Crushed Stone, Private
• Total Garage And Parking Spaces: 10
• Type Of Parking: Parking Lot
• Parking Lot Number Of Spaces: 10

Utilities

• Central Air Conditioning: Yes
• Cooling Fuel: Electric
• Cooling Type: Central A/C, Window Unit(s)
• Electric Service: 100 Amp Service, Circuit Breakers, 200+ Amp Service
• Heating Fuel: Natural Gas, Electric
• Heating Type: Forced Air, Baseboard - Electric
• Heating: Yes
• Hot Water: Natural Gas, Electric
• Sewer/Septic System: On Site Septic
• Monthly Water Average: 292
• Water Previous Twelve Months: 3500.00
• Water Source: Public
• Municipal Trash: No

Schools

• School District: FRANKLIN TOWNSHIP BOARD OF EDUCATION
• School District Key: 300200396227
• School District Source: Listing Agent

Green Features

• Clean Green Assessed: No

Lot Info

• Improvement Assessed Value: 223900.00
• Land Assessed Value: 58400.00
• Lot Features: Cleared, Rear Yard, Sideyard(s)
• Lot Size Acres: 0.67
• Lot Dimensions: 68.00 x 0.00
• Lot Size Units: Square Feet
• Lot Sq Ft: 29185.00
• Outdoor Living Structures: Porch(es)
• Property Condition: Very Good
• Year Assessed: 2021
• Zoning: R5H
• Zoning Description: Residential

Rental Info

• Existing Lease Type: Month To Month
• Number Of Units Month To Month: 5
• Owner Pays: Common Area Maintenance, Insurance, Lawn/Shrub Care, Repairs, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection, Water
• Rent Control: No
• Total Actual Rent: 64800.00
• Units Leased Count: 6
• Vacation Rental: No

Multi Family

• Number Of Units Vacant: 1
• Income Includes: Apartment Rentals
• Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6,Unit 7
• Single Room Units Count: 1

Tax Info

• Assessor Parcel Number: 2020390
• Tax Annual Amount: 10625.00
• Assessor Parcel Number: 13-00204-00002
• Tax Lot: 00002
• Tax Total Finished Sq Ft: 1914
• County Tax Payment Frequency: Annually
• Tax Year: 2021
• Close Date: 07/13/2022

MLS Schools

• School District Name: FRANKLIN TOWNSHIP BOARD OF EDUCATION