Newton Town, NJ 07860 84 Mill St # 2
$595,000
12 more
Presented By: RE/MAX PLATINUM GROUP; 973-726-5700
- MLS# 3937955
- 12/13/2024
Disclaimer: The information contained in this listing has not been verified by MyHouseNJ.com and should be verified by the buyer.
Beds • 5
Baths • 3
SQFT • 2,302
Home Details
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.
Presented By: RE/MAX PLATINUM GROUP; 973-726-5700
Interior Features for 84 Mill St # 2
Bedrooms
Total Bedrooms5
Unit 1 Beds Total2
Unit 2 Beds Total3
Bathrooms
Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total2.0
Other Interior Features
Unit 1 Sq Ft1132
Unit 2 Sq Ft1170
Unit 1 Levels1
Unit 2 Levels1
UnitType1TotalRent2350
UnitType2TotalRent2750
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipRange/Oven - Electric, Refrigerator, Smoke Detector
Unit 2 Appl/EquipRange/Oven - Electric, Refrigerator, Smoke Detector
BasementBilco-Style Door
Fuel TypeNone
Other Rooms
Unit 2 Rooms5
Unit 1 Rooms6
Unit 1 Room DescriptionBedrooms, Dining Room, Kitchen, Living Room
Unit 2 Room DescriptionBedrooms, Dining Room, Kitchen, Living Room
General for 84 Mill St # 2
Architectural Style2-Two Story
Building #1
CoolingNone
CountySussex
DirectionsRt 206 into Newton and turn onto Mill St.
DriveParking Lot-Shared
EasementUnknown
Farm AssessmentNo
Full Baths3
GarageOn Site
Gross Income61200
HeatingBaseboard - Electric
High SchoolNEWTON
Home Warranty Y/NNo
Net Operating Income48900
Number Of Units Total2
Open Parking Spaces9
Operating Expense12300
PossessionPOT
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount11066
Tax Assessed Value405800
Tax Lot14
Tax Year2024
Total Rooms11
Town #2817
TownshipNewton Town
Unit Number2
UtilitiesElectric, Gas-Natural
Year Built1810
ZoningT-4
Exterior for 84 Mill St # 2
Building Area Total2302
Exterior AmenitiesOpen Porch(es)
Exterior DescriptionVinyl Siding
Lot Dimensions00000.920 AC.
Lot Size Acres0.92
Water SourcePublic Water
Additional Details
Price History
Schools
Middle School N/A
High School Newton High School
Elementary School N/A
