124 SPRING ST Newton, NJ 07860

$775,000
124 SPRING ST, Newton, NJ 07860

Multi-Family Home for sale in Newton, NJ

for $775,000 with 11 bedrooms and 5 full baths, 1 half bath. This 7,800 square foot home was built in 1857 on a lot size of 0.05 Acre(s).

Property Information

  • $775,000
  • 11 Bedrooms
  • 5 Full Baths, 1 Half Bath
  • Multi-Family
  • 7,800 Square Feet
  • Taxes are $5,445
  • Other / Unknown
  • Active
  • Lot size of 0.05 Acre(s)
  • Built in 1857
  • Newton, NJ
  • Sussex County
  • MLS/Web ID is 3453537

Description

5 APTS + 1 RETAIL IMPRESSIVE COMPLETELY RENOVATED INCOME PROPERTY, ALL THE WORK HAS BEEN COMPLETED, FULLY LEASED , TURNKEY, MONTHLY RENT ROLE $6, 825 , ANNUAL RENT ROLE $81, 900, QUALITY AMENITIES, 7, 800 SQ. FT. BUILDING , MODERN EFFICIENT DESIGN, LARGE BRIGHT APARTMENTS, NEW WINDOWS , NEW KITCHENS W/APPLIANCES, NEW BATHROOMS, NEW FLOORS , NEW ROOF, SECURITY SYSTEM, NEW 8 UNIT SPLIT HEATING/COOLING SYSTEMS, NEW ELECTRIC, CONVENIENT DESIRABLE LOC. ON QUAINT HISTORIC STREET, MUNICIPAL WATER & SEWER , PARKING PASS INCL. TENANTS PAY THEIR OWN WATER & SEWER & GARBAGE REMOVAL IN ADDITION TO RENT (SEPARATE WATER SUB- METERS), SEPARATE ELECTRIC, LAUNDRY RM IN BUILDING, ADD. DETAILS & FINANCIALS AVAIL TO QUALIFIED BUYER , RARE OUTSTANDING INVESTMENT PROPERTY, POSSIBLE OWNER OCCUPIED USE & COLLECT RENT , MUST SEE !

Interior 7

Appliances

  • Carbon Monoxide Detector
  • Fire Extinquisher
  • Smoke Detector

Basement

  • Basement
  • Unfinished
  • Walk-Out

Flooring

  • Tile Flooring
  • Wood Floors

Heating Source

  • Electric
  • Natural Gas

Heating System

  • Hot Water Heater: Electric

Sewer

  • Public Sewer

Water Source

  • Public Water

Exterior 6

Exterior

  • Thermal Windows/Doors

Land Improvements

  • Sidewalks

Lot Description

  • Level/Flat

Parking

  • 1-20 Parking Spaces

Roof

  • Rubber
  • Slate

Siding

  • Vinyl
  • Wood Exterior

Miscellaneous 2

Other

  • No Warranty Included

Utilities

  • Electric

† 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 Multi-Family Home for sale at $775,000 with 7,800 sqft and a lot size of 0.05 Acre(s). 124 SPRING ST has 11 bedrooms, 5.1 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 $400,120 48 % below $201,000 74 % below
Multi-family listings in Newton $280,892 64 % below $219,000 72 % 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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