104-106 Goldsmith Ave, Newark, NJ
Sold Price: $680,000
Asking Price: $600,000
Spectacular 3-Unit Multi-Family Investment Property featuring a total of 8 bedrooms and 3.5 baths. Includes semi-finished basement, full / standing height / walkout access plus half bath. This exceptionally large property boasts approximately 5,090 square feet and is located in the desirable Weequahic area of Newark. The potential annual rental income is $79,200, with annual taxes of $7,579, resulting in a net annual income of $71,621 before accounting for utilities and debt servicing. Currently, the rent roll is approximately $48,672 per year. Units 1 and 2 are expansive, each offering approximately 2,000 square feet. Both layouts are similar and each comes with 3 bedrooms, 1 bath, and separate formal living and dining rooms. Additionally, Unit 2 includes a bonus room, ideal for an office. Unit 3 comes with 2 bedrooms / 1 baths with living /dining room combo. Electrical utilities are all separate. Above ground Oil Tank serves unit 2 & 3 and Gas boiler unit 1. Property comes with newer hot water heaters, newer boilers, roof, siding, 2 car garage plus additional parking for 3 cars. Property is also covered by American Home Shield which is transferable. This commuter's delight is conveniently located in proximity to NYC bus stop & NYC trains / 10 Mins to Newark Liberty A/port and proximity to major highways, shopping malls.
Reviews
Marvin was really nice, however after spending $150 on applications fee and sending pay stubs, we never heard back. He informed us that we will hear from him and we never did. The next thing you know...
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03/08/2025 - agnesanokye
In February 2020, when we were preparing our home for the market the pandemic hit us. We were downsizing our home and hoping to buy a townhouse in Bridgewater. We became concerned that it was the...
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03/28/2021 - t daley2
We worked with Marvin to sell an investment property in Elizabeth. NJ. There were touchy situations with tenants that Marvin did not need to involve himself in, but he did and was a huge asset in...
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03/03/2021 - Toby 2007
What can I say, we could not have done it without Marvin. As a resident of Hillside for a number of years my husband and I made the decision to relocate to South Carolina. From the get-go Marvin...
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01/23/2021 - gthu93
Marvin was a pleasure to work with and his responsiveness, neighborhood knowledge, real estate experience made a difference in finding a perfect rental home in Union NJ. He listens well and paid...
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11/30/2020 - zuser20161123195612941
Marvin demonstrated he had the heart and hustle to get us a great deal on the sale of our home in Union Township NJ. I appreciated his level of optimism and his positive outlook despite operating in...
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11/06/2020 - alsg2211
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