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$ 595,000
Est. payment /mo
Active
84 Mill St Newton Town, NJ 07860
5 Beds
3 Baths
2,302 SqFt
UPDATED:
01/08/2025 03:50 PM
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,302 sqft
Price per Sqft $258
MLS Listing ID 3937955
Style 2-Two Story
Bedrooms 5
Full Baths 3
Year Built 1810
Annual Tax Amount $11,066
Tax Year 2024
Lot Size 0.920 Acres
Property Description
Welcome to 84 Mill St in Newton, NJ! This recently renovated two-family home offers a fantastic opportunity for homeowners and investors alike. Located conveniently in town, it is close to schools, shopping, and essential services, providing easy access to everyday needs. The property generates an impressive $61,000. in annual gross rental income, making it an attractive investment. Each unit has been thoughtfully updated, and the home boasts a large private yard perfect for outdoor enjoyment. Ample multi-car parking adds to its convenience. Whether you're looking for a great investment property or a comfortable place to call home with rental income potential, this property checks all the boxes! Home back on the Market. Buyer could not perform. Excellent income with GOI at $61,200 per year. Estimated NOI at $48,900 = 8% Cap Rate. and 116.66 Gross Rent Multiplier.
Location
State NJ
County Sussex
Zoning T-4
Rooms
Basement Bilco-Style Door
Interior
Heating None
Cooling None
Heat Source None
Exterior
Exterior Feature Vinyl Siding
Parking Features On Site
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style 2-Two Story
Schools
High Schools Newton
Others
Senior Community No
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by RE/MAX PLATINUM GROUP