11 Main Street, Newton,

Multi-Use for Sale ‐ $10,000

UNITED REAL ESTATE NORTH JERSEY

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Agent Info

NameDorothy Nicklus, Broker
CompanyUNITED REAL ESTATE NORTH JERSEY

Property Info

CIMLS #914123
Location11 Main Street
Newton 07860
Last UpdatedAugust 28th, 2016
TypeMulti-Use
Price$10,000

Contact


Property Description

$10K to Bid. Make an offer.

Target value $299K Taxes $9,367.46, Tax year 2014-2015

Financing available to those that qualify.

If your bid wins the $10K becomes your initial deposit.

Block 8.08, Lot 14, .0275 ac. Zoned 4-A, Town Core T-6

On Town Square; Across from Superior Court Bldg.

Brick; newer roof, separate gas heat and hot water.

Separate utilities; @ $299K Yields approx. 12.8% cap rate.

Apt., Market rents $1K &, $1.2K, Restaurant $1,250. Per mon.

Two, 2 Bedroom Apts., Restaurant with Fixtures; Leases: month to month, restaurant negotiable.

Recently renovated including roof.

1 Block to the McGuire Redevelopment Site where plans include 65 condos for 55 and over and new retail stores are planned to be built.


Location & Street View