111 Scheerer Ave

    Newark City, NJ 07112
    • $265,000
    • STATUS: Active
    • ON SITE: 60 days
    • ID#: 3541765
    UPDATED: 82 min ago
    $265,000
    • 4
      BEDS
    • 0.06
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1932
    County:
    Area:

    School Ratings & Info

    Description

    Bi-level 2-Family featuring four (4) total bedrooms. Pre-existing spacious layouts entails eat-in kitchen, separate living/dining rooms, sunroom and one full bathroom. 1st Floor unit features one bonus room for potential secondary sleeping area. Electric, cooking gas, heat and hot water represent separately metered utilities paid the residents. Interior renovations that include kitchens, baths, flooring and heating system upgrades were completed in Year 2018. Operating expenses comprised of Year 2018 property taxes and broker assumptions for property insurance, water/sewer & PSE&G common electric. Vacancy Rate factored into NOI. Return on investment based on List Price; Cap Rate @ 7.99%; Cash-on-Cash @ 12.67%.

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    © 2019 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 The Force Group, Keller Williams Realty East Monmouth. 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 The Force Group, Keller Williams Realty East Monmouth 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 2019-05-25T18:46:30.427.
    www.forcenj.com/homes/93027357

    111 Scheerer Ave Newark City, NJ 07112

    • Price: $265,000
    • Status: Active
    • Updated: 82 min ago
    • ID#: 3541765
    4
    Beds
    2
    Baths
    0
    ½ Baths
    0.06
    Acres
    1932
    Built
    Neighborhood:
    Weequahic
    County:
    Essex
    Area:
    Newark City
    Property Description
    Bi-level 2-Family featuring four (4) total bedrooms. Pre-existing spacious layouts entails eat-in kitchen, separate living/dining rooms, sunroom and one full bathroom. 1st Floor unit features one bonus room for potential secondary sleeping area. Electric, cooking gas, heat and hot water represent separately metered utilities paid the residents. Interior renovations that include kitchens, baths, flooring and heating system upgrades were completed in Year 2018. Operating expenses comprised of Year 2018 property taxes and broker assumptions for property insurance, water/sewer & PSE&G common electric. Vacancy Rate factored into NOI. Return on investment based on List Price; Cap Rate @ 7.99%; Cash-on-Cash @ 12.67%.
    Exterior Features

    Approximate Lot Size 25X100 Color Of Building Green Exterior Description Vinyl Siding Exterior Features Partially FencedEnclosed Porch(Es)Metal FenceStorage ShedStorm Window(S) Garage Description None Number Of Parking Spaces 0 Parking Driveway Description NoneOn-Street Parking Roof Description Asphalt Shingle

    Interior Features

    Basement Yes Basement Description Unfinished Cooling Window A/C(S)Central AirSee Remarks Heating 2 UnitsForced Hot AirSee Remarks Interior Features Tile FloorsCarbon Monoxide DetectorSmoke DetectorVinyl-Linoleum Floors Total Number Of Rooms 13 Unit1 Appliances Equipment Carbon Monoxide DetectorSmoke DetectorRange/Oven - Gas Unit1 Baths 1.0 Unit1 Bedrooms 1 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description Dining RoomBedroomsEat-In KitchenSunroomLiving RoomSee Remarks Unit1 Rooms 6 Unit1 Security Deposit 9999 Unit1 Sq Ft 9999 Unit2 Appliances Equipment Carbon Monoxide DetectorSmoke DetectorRange/Oven - Gas Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description Dining RoomBedroomsEat-In KitchenSunroomLiving Room Unit2 Rooms 7 Unit2 Sq Ft 9999

    Property Features

    Assessment Total 143300 Building Assessment 118400 Easement Unknown Exclusions Resident's Personal Effects Expenses Include Cold WaterSee RemarksInsuranceTaxes Farm Assessment No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 30600 Home Warranty No Land Assessment 24900 Net Operating Income 21175 Renovated Year 2017 Sewer Public Sewer Tax Amount 5292 Tax Rate Amount 3.693 Tax Rate Year 2018 Tax Year 2018 Total Operating Expense 8109 Unit Style 2-Two Story Unit1 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays HeatOwner Pays Water Unit1 Rent 9999 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays HeatOwner Pays Water Unit2 Rent 9999 Unit2 Security Deposit 9999 Utilities ElectricGas-Natural Water Public Water Water Heater Gas Year Built Description Approximate Zoning R-2

    Listing information © 2019 Garden State Multiple Listing Service,LLC.
    Listing provided courtesy of Coldwell Banker Realtors.


    © 2019 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 The Force Group, Keller Williams Realty East Monmouth. 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 The Force Group, Keller Williams Realty East Monmouth 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 2019-05-25T18:46:30.427.
     
    The Force Group, Keller Williams Realty East Monmouth
    750 Broad Street Suite 1
    Shrewsbury NJ, 07702