8 Newton Ave Sussex, NJ $ 399,900
8 Newton Ave
$ 399,900
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8 Newton Ave

Sussex, NJ, 07461
$ 399,900
Bedrooms4 Baths2.1 Sq 3,000

Monthly Estimate*

$ 2,793

8 Newton Ave, Sussex, NJ 07461 - Image 1
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8 Newton Ave, Sussex, NJ 07461 - Image 7

Multi-Family Home for sale in Sussex, NJ

for $399,900 with 4 bedrooms and 2 full baths, 1 half bath. This 3,000 square foot home was built in 1911 on a lot size of 0.04.

WOW! RENOVATED, MIXED USE BUILDING LOCATED IN DOWNTOWN SUSSEX. THIS 3 STORY BUILDING FEATURES A COMMERCIAL STORE FRONT ON THE 1ST FLOOR AND 2- 2 BEDROOM APARTMENTS ON THE 2ND AND 3RD FLOOR. THE STORE IS RENOVATED AND HAS A LEASE. THE SECOND FLOOR UNIT IS RENOVATED AND FEATURES 2 BEDROOMS, LIVING ROOM, KITCHEN AND A FULL BATHROOM. THE 3RD FLOOR UNIT FEATURES A NEW KITCHEN, 2 BEDROOMS, LIVING ROOM, KITCHEN AND A FULL BATHROOM. THE STORE FRONT IS FUELED BY OIL HEAT, THE SECOND AND THIRD FLOOR APARTMENTS ARE ELECTRIC HEAT. PUBLIC WATER AND SEWER SERVICE THE BUILDING. EACH UNIT DOES HAVE SEPARATE WATER METERS, BUT THE LANDLORD IS CURRENTLY PAYING THE WATER AND SEWER. LEASES ARE ALL READY TO RENEW AND ALL TENANTS WOULD LIKE TO STAY. SUSSEX IS AN UP-AND-COMING TOWN AND IS CLOSE TO MAJOR ROUTES AND SHOPPING. SOLID INVESTMENT WITH ROOM TO GROW.

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Multi-Family Active

Price

$ 399,900

Bedrooms

4

Full Bath

2

Half Bath

1

Property Type

Multi-Family

Taxes

$ 7,271

Style

3-Three Story

Lot Size

0.04

Year Built

1911

Town/City

Sussex

County/Region

Sussex

MLS | Web ID

3888833

Features
General
Interior Features Carbon Monoxide Detector Carpeting Smoke Detector Vinyl-Linoleum Floors
Sewer Public Sewer Sewer Charge Extra
Heating 1 Unit Baseboard - Electric Forced Hot Air
Cooling Wall A/C Unit(s)
Utilities Electric
Possession UPON CLOSING
Roof Asphalt Shingle
Water Heater Electric
Exterior Features Sidewalk Thermal Windows/Doors
Zoning C-1
Garage Spaces 0
Architectural Style 3-Three Story
Year Built 1911
Township Sussex Boro
Tax Year 2023
Gross Income 39360
County Sussex
Net Operating Income 24360
Operating Expense 15000
Total Rooms 16
Status Active
Directions 8 NEWTON AVE SUSSEX
Open Parking Spaces 0
Total Units 3
Street Name Newton Ave
Tax Annual Amount 7271
Home Warranty Y/N No
Drive On-Street Parking
Days on Market 40
Standard Status Active
Tax Assessed Value 206000
Town # 2823
Tax Lot 7
Farm Assessment No
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Interior
Basement Full Unfinished Walkout
Unit 1 Baths Total 1.0
Unit 1 Beds Total 0
Unit 2 Baths Total 1.0
Unit 2 Beds Total 2
Unit 3 Baths Total 1.0
Unit 3 Beds Total 2
Fuel Type Electric OilAbIn
Full Baths 2
Half Baths 1
Total Bedrooms 4
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Exterior
Lot Features Level Lot
Water Source Public Water
Exterior Description Vinyl Siding
Building Area Total 3000
Lot Dimensions 25X64
Lot Size Acres 0.04
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* Excluded Features
List By
JOSEPH MORREALE

Listing Agent

Re/Max Select

Broker

projoe01@me.com

Email

Affordability Calculator

$3,399
Per Month
82%
18%
0%
Monthly Principal & Interest
$2,793
Monthly Property Taxes
$606
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/4/2024$399,900 Listed Price

Map


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8 Newton Ave, Sussex, NJ, 07461 is a Multi-Family Home for sale at $399,900 with 3,000 sqft and a lot size of 0.04. 8 Newton Ave has 4 bedrooms, 2.1 baths, and was built in 1911. The property's zip code is 07461 which is in Sussex, NJ