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45 Fleming Ave

Newark City, NJ 07105
  • $1,500,000
  • STATUS: Active
  • ON SITE: 127 Days
  • ID#: 3856250
UPDATED: 59 min ago
$1,500,000
  • 10
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1977
County:
Area:

School Ratings & Info

Description

Selling both 45 and 47 Fleming Ave properties together could be a strategic move for the right buyer. Here's how you could pitch this opportunity to potential buyers:Unique Investment Opportunity: We are pleased to present a compelling investment package featuring two neighboring properties - 45 Fleming Ave and 47 Fleming Ave. Combined, these properties offer a total of 7 residential apartments and a commercial space:- 45 Fleming Ave boasts 4 apartments with excellent rental income potential. Two units 3 bedrooms and 1 baths, Two units 2 bedrooms and 1 baths. The total monthly rental income is $12,863.50.- 47 Fleming Avecommercial space suitable for a bar/restaurant on the ground floor. 2 apartments, each with 3 bedrooms and 1 bathBy acquiring both properties, you not only secure a stable rental income but also the opportunity to operate a bar/restaurant business. The proximity of these properties makes management and oversight convenient, and their combined potential is an enticing proposition for an astute investor

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Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Valley Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Keller Williams Valley Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-11-30T14:47:04.897.
www.bergenrealtyteam.com/homes/141819126
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45 Fleming Ave Newark City, NJ 07105

  • Price: $1,500,000
  • Status: Active
  • On Site: 127 Days
  • Updated: 59 min ago
  • ID#: 3856250
10
Beds
4
Baths
0
½ Baths
N/A
Acres
1977
Built
County:
Essex
Area:
Newark City
Property Description
Selling both 45 and 47 Fleming Ave properties together could be a strategic move for the right buyer. Here's how you could pitch this opportunity to potential buyers:Unique Investment Opportunity: We are pleased to present a compelling investment package featuring two neighboring properties - 45 Fleming Ave and 47 Fleming Ave. Combined, these properties offer a total of 7 residential apartments and a commercial space:- 45 Fleming Ave boasts 4 apartments with excellent rental income potential. Two units 3 bedrooms and 1 baths, Two units 2 bedrooms and 1 baths. The total monthly rental income is $12,863.50.- 47 Fleming Avecommercial space suitable for a bar/restaurant on the ground floor. 2 apartments, each with 3 bedrooms and 1 bathBy acquiring both properties, you not only secure a stable rental income but also the opportunity to operate a bar/restaurant business. The proximity of these properties makes management and oversight convenient, and their combined potential is an enticing proposition for an astute investor
Exterior Features

Approximate Lot Size 50X100 Exterior Description Stucco Lot Description Level Lot Number Of Parking Spaces 0 Parking Driveway Description None Roof Description Flat

Interior Features

Basement Yes Basement Description Finished Cooling None Heating See Remarks Total Number Of Rooms 15 Unit1 Appliances Equipment Carbon Monoxide DetectorKitchen Exhaust FanRange/Oven - Gas Unit1 Baths 1.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsKitchen Unit1 Rooms 3 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment Carbon Monoxide DetectorKitchen Exhaust FanRange/Oven - Gas Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsKitchen Unit2 Rooms 4 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 3 Unit3 Fireplaces 0 Unit3 Levels 3 Unit3 Room Description BedroomsKitchen Unit3 Rooms 4 Unit3 Sq Ft 0 Unit4 Appliances Equipment Carbon Monoxide DetectorKitchen Exhaust FanRange/Oven - Gas Unit4 Baths 1.0 Unit4 Bedrooms 2 Unit4 Fireplaces 0 Unit4 Levels 4 Unit4 Room Description BedroomsKitchen Unit4 Rooms 4 Unit4 Sq Ft 0

Property Features

Assessment Total 263200 Building Assessment 196700 Easement Unknown Exclusions Tenants property Farm Assessment No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 0 Home Warranty No Land Assessment 66500 Net Operating Income 0 Renovated Year 2019 Sewer Public Sewer Tax Amount 9833 Tax Rate Amount 3.736 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 0 Unit Style See Remarks Unit1 Owner Tenant Pays Owner Pays Water Unit1 Rent 0 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays Water Unit2 Rent 0 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays Water Unit3 Rent 0 Unit3 Security Deposit 0 Unit4 Handicap Modified No Unit4 Owner Tenant Pays Owner Pays Water Unit4 Rent 0 Unit4 Security Deposit 0 Utilities ElectricGas-Natural Water Public Water Water Heater Gas

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 833-984-4663.


Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Valley Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Keller Williams Valley Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-11-30T14:47:04.897.
 
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Woodcliff Lake NJ, 07677