124 Spring St Newton, NJ 07860

$775,000
124 Spring St, Newton, NJ 07860

Commercial Property for sale in Newton, NJ

for $775,000 with 6 full baths. This 7,800 square foot building was built in 1857 on a lot size of 0.05 Acre(s).

Property Information

  • $775,000
  • 6 Full Baths
  • Commercial
  • 7,800 Square Feet
  • Taxes are $5,445
  • Mixed Use
  • Active
  • Lot size of 0.05 Acre(s)
  • Built in 1857
  • Newton, NJ
  • Sussex County
  • MLS/Web ID is 3453526

Description

IMPRESSIVE 5 APTS + 1 RETAIL UNIT income property, completely remodeled, new windows, new electric , new plumbing , 8 unit heating/cooling system , new roof, new kitchens w/appliances & new bathrooms, 7, 800 sq ft, fully leased, MONTHLY RENT ROLE $6, 825 , ANNUAL RENT ROLE IS $81, 900 , 6 RENTAL UNITS including four 2 bedroom apartments, one 3 bedroom apartment , one commercial ground floor storefront, pride of ownership, common laundry room, ALL THE WORK HAS BEEN COMPLETED, TURNKEY, charming quaint historic street, outstanding modern amenities, separate sub water meteres, Split heating / cooling system, convenient commuter location, tenants pay their own heat, water, garbage & sewer expenses, financials avail to qualified buyer, QUALITY IMPROVEMENTS, COMPLETELY REMODELED ATTRACTIVE APARTMENTS, MUST SEE !

Interior 5

Appliances

  • Smoke Detector

Basement

  • Basement
  • Bilco Doors
  • Unfinished

Flooring

  • Laminate Flooring
  • Tile Flooring
  • Wood Floors

Sewer

  • Public Sewer

Water Source

  • Other
  • Public Water
  • Well Abandoned

Exterior 4

Construction

  • Wood

Lot Description

  • Level/Flat

Roof

  • Rubber
  • Slate

Siding

  • Vinyl
  • Wood Exterior

Miscellaneous 3

Commercial

  • Sale Includes Building & Land

Location

  • Business District
  • Residential District

Utilities

  • Cable TV Available
  • Electric
  • Natural Gas

Rental 1

Tenant Pays

  • All Utilities

† Excluded Feature

Listed By

Listing Agent: Steven "Steve" D. Gottlieb
Broker: Weichert Realtors
Office: Hamburg
Phone: (973) 903-5685

124 Spring St , Newton, NJ, 07860 is a Commercial Property for sale at $775,000 with 7,800 sqft and a lot size of 0.05 Acre(s). 124 Spring St has 6.0 baths and was built in 1857. The property's zip code is 07860 which is in Newton, NJ

Market Pricing

Average % of sale price Median % of sale price
All listings in Newton $311,451 60 % below $208,500 73 % below
Commerical listings in Newton $705,106 9 % below $725,000 6 % below

Get the facts about Newton, NJ!

Population 8,050
Population Growth (since 2000) -4 %
Median Income $50,284
Median Age 42.18
Households w/ Children 27 %

Residential Dwellings

  • Owned 1611
  • Vacant 281
  • Rented 1578

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