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75 Franklin Ave

Nutley Twp., NJ 07110
  • $1,490,000
  • STATUS: Active
  • ON SITE: 49 Days
  • ID#: 3930021
UPDATED: 9 min ago
$1,490,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 17,000
    SQFT
  • $88
    $/SQFT
Neighborhood:
B3
Type:
Commercial
Built:
1920
County:
Area:

School Ratings & Info

Description

There are 4 very nice 2BR residential units. 3 of 4 units have washer/dryer in unit. The gym has an extended lease. All tenants are on leases. Left commercial side built 1920. Residential side built 1961. Commercial side has 3 zone heat and mini split. Plywood floor in gym. Great cap rate: 9.17% based on list price. Flood zone.

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Garden State MLS logo © 2024 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 Daunno Realty Services, LLC. 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 Daunno Realty Services, LLC 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 2024-12-06T11:46:31.753.
www.daunnorealty.com/homes/156869971
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75 Franklin Ave Nutley Twp., NJ 07110

  • Price: $1,490,000
  • Status: Active
  • On Site: 49 Days
  • Updated: 9 min ago
  • ID#: 3930021
0
Beds
0
Baths
0
½ Baths
N/A
Acres
17,000
SQFT
$88
$/SQFT
1920
Built
Neighborhood:
B3
County:
Essex
Area:
Nutley Twp.
Property Description
There are 4 very nice 2BR residential units. 3 of 4 units have washer/dryer in unit. The gym has an extended lease. All tenants are on leases. Left commercial side built 1920. Residential side built 1961. Commercial side has 3 zone heat and mini split. Plywood floor in gym. Great cap rate: 9.17% based on list price. Flood zone.
Exterior Features

Approximate Lot Size 176X100 IRR Available Parking Spaces 1 Construction Brick/Block Exterior Description Brick/BlockConcrete Location Business District Lot Description Corner Number Of Bays 0 Number Of Docks 0 Parking Driveway Description Additional ParkingBlacktopParking Lot-ExclusiveSee Remarks Roof Description Flat

Interior Features

Basement Yes Basement Description Bilco-Style DoorFullUnfinishedWalkout Cooling Ductless Split ACSee RemarksWall A/C Unit(s)Window A/C(s) Equipment Available AppliancesFire AlarmFloor DrainsRestrooms - PrivateSecurity SystemSmoke DetectorSprinkler System Floors ConcreteLaminate Heating 2 UnitsMulti-ZoneRadiators - SteamSee Remarks Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 7 Office Sq Ft 999

Property Features

Expenses Include InsuranceSee RemarksTaxesWater/Sewer For Sale Or Lease For Sale Fuel Type Gas-Natural Gross Operating Income 200580 Net Operating Income 134210 Permitted Use B3 Zone Primary Property Type MixedUse Prior Use Commercial Space current use Gym Property Type Mixed Use Sale Includes Building Only Sewer Public Sewer Suite Number 0 Tax Amount 29278 Tax Rate Amount 2.632 Tax Rate Year 2023 Tax Year 2023 Total Operating Expense 200580 Utilities ElectricGas-Natural Utilities Paid By Other Water Public Water Year Built Description Approximate Zoning B3

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of MONACO REALTY LIST4LOWER, LLC: 973-667-8000.


Garden State MLS logo © 2024 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 Daunno Realty Services, LLC. 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 Daunno Realty Services, LLC 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 2024-12-06T11:46:31.753.
 
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Clark NJ, 07066