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8 Cedar St

Newton Town, NJ 07860
  • $375,000
  • STATUS: Active Under Contract
  • ON SITE: 59 Days
  • MLS #: 3856278
Under Contract
UPDATED: 39 min ago
$375,000
  • 3
    BEDS
  • 0.12
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,610
    SQFT
  • $233
    $/SQFT
Type:
Multi-Family
Built:
1880
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

WHY RENT WHEN YOU CAN OWN? LIVE IN ONE - RENT ONE! Great investment property: when fully rented will show a cap rate of 9%. Fresh, clean and well cared-for 2 family home is ready to add to your portfolio. Two-car detached garage/barn with additional parking for 4 cars has a large separate workshop and loft storage. The first floor apartment offers 2 bedrooms, 1 bath, eat-in kitchen, living room and use of the full basement with laundry area and plenty of storage. Second floor apartment is ready for a new occupant. This one bedroom, one bath unit includes an eat-in kitchen, living room, pantry/laundry room (fully equipped) and a 4 season sun room/den. Quiet street; off-street parking. Walk to shopping, schools and other activities in historic downtown Newton. Convenient to all major highways for commuting.

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Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Tejada Real Estate Partners | RE/MAX Select. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Tejada Real Estate Partners | RE/MAX Select are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-09-23T08:46:21.027.
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8 Cedar St Newton Town, NJ 07860

  • Price: $375,000
  • Status: Active Under Contract
  • On Site: 59 Days
  • Updated: 39 min ago
  • MLS #: 3856278
3
Beds
2
Baths
0
½ Baths
0.12
Acres
1,610
SQFT
$233
$/SQFT
1880
Built
County:
Sussex
Area:
Newton Town
Elementary School:
Merriam Av
Middle School:
Halsted St
High School:
Newton
Property Description
WHY RENT WHEN YOU CAN OWN? LIVE IN ONE - RENT ONE! Great investment property: when fully rented will show a cap rate of 9%. Fresh, clean and well cared-for 2 family home is ready to add to your portfolio. Two-car detached garage/barn with additional parking for 4 cars has a large separate workshop and loft storage. The first floor apartment offers 2 bedrooms, 1 bath, eat-in kitchen, living room and use of the full basement with laundry area and plenty of storage. Second floor apartment is ready for a new occupant. This one bedroom, one bath unit includes an eat-in kitchen, living room, pantry/laundry room (fully equipped) and a 4 season sun room/den. Quiet street; off-street parking. Walk to shopping, schools and other activities in historic downtown Newton. Convenient to all major highways for commuting.
Exterior Features

Approximate Lot Size 00000.116 AC. Color Of Building White Exterior Description Wood Exterior Features Open Porch(Es)Outbuilding(S)SidewalkStorm Door(S)Storm Window(S)Workshop Garage Description Detached GarageGarage ParkingLoft StorageOversize Garage Lot Description Level LotOpen Lot Number Of Parking Spaces 6 Parking Driveway Description BlacktopOff-Street Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description FullUnfinished Cooling Ceiling FanWindow A/C(S) Heating 1 UnitBaseboard - HotwaterMulti-Zone Interior Features BlindsCarbon Monoxide DetectorCarpetingFire ExtinguisherSmoke DetectorTile FloorsVinyl-Linoleum FloorsWood Floors Total Number Of Rooms 10 Unit1 Appliances Equipment Ceiling Fan(S)DishwasherDryerMicrowave OvenRange/Oven - ElectricRefrigeratorSmoke DetectorWasher Unit1 Baths 1.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsEat-In KitchenLaundry RoomLiving RoomPorch Unit1 Rooms 5 Unit1 Security Deposit 1700 Unit1 Sq Ft 900 Unit2 Appliances Equipment Carbon Monoxide DetectorDishwasherDryerRange/Oven - ElectricRefrigeratorSmoke DetectorWasher Unit2 Baths 1.0 Unit2 Bedrooms 1 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsEat-In KitchenLaundry RoomLiving RoomSunroom Unit2 Rooms 5 Unit2 Sq Ft 710 Unit3 Baths 0.0 Unit3 Bedrooms 0 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description Storage Unit3 Rooms 3 Unit3 Sq Ft 2000

Property Features

Assessment Total 192000 Building Assessment 131200 Easement No Exclusions Tenants' Personal Property Expenses Include HeatHot & Cold WaterInsuranceTaxes Farm Assessment No Fha Age Restricted No Fuel Type Oilabin Gross Operating Income 46800 Home Warranty No Land Assessment 60800 Net Operating Income 33175 Renovated Year 2023 Services Cable Tv AvailableGarbage Extra Charge Sewer Public Sewer Tax Amount 8663 Tax Rate Amount 4.512 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 13625 Unit Style 2-Two Story Unit1 Lease Expiration 2024-07-31 Unit1 Owner Tenant Pays Owner Pays HeatOwner Pays WaterTenant Pays Electric Unit1 Rent 1800 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays HeatOwner Pays WaterTenant Pays Electric Unit2 Rent 0 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays Electric Unit3 Rent 0 Unit3 Security Deposit 0 Utilities ElectricGas In Street Water Public Water Water Heater Electric Year Built Description Approximate Zoning T-5

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Weichert Realtors: 973-919-5054.


Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Tejada Real Estate Partners | RE/MAX Select. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Tejada Real Estate Partners | RE/MAX Select are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-09-23T08:46:21.027.
 
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