6-Unit Multifamily in the Heart of Newton, NJ | 100 Main St
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6-Unit Multifamily in the Heart of Newton, NJ 100 Main St
6 Unit Block of Flats £684,624 (£114,104/Unit) 9% Net Initial Yield Newton, NJ 07860
Investment Highlights
- Partially Sub-Metered Water (3 Units) and Separately Metered Electric
- Newton is one of the most consistently in-demand locations for housing as local employment opportunity and commerce continues to grow
- New Roof 2022
- Very strong upside potential with minimal needed expense
- Showpiece Architectural Style with manicured grounds and wraparound porch
Executive Summary
Fairclough Realtors is pleased to offer for sale: 100 Main St. in Newton, New Jersey. The property offers 6 apartments in a center-hall colonial style, with many of the original accents and features retained, such as gliding pocket doors, expansive wrap-around deck and custom oak trim. Matched with massive upside in rents, minimal renovations needed and a desirable location, this property will be very-well placed in any investor’s portfolio. Inquire with Clayton for OM & Financials
Property Facts
| Price | £684,624 | Apartment Style | Low Rise |
| Price Per Unit | £114,104 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Net Initial Yield | 9% | Building Size | 45,888 SF |
| No. Units | 6 | Average Occupancy | 50% |
| Property Type | Residential | Number of Floors | 3 |
| Property Subtype | Apartment | Year Built | 1840 |
| Price | £684,624 |
| Price Per Unit | £114,104 |
| Sale Type | Investment |
| Net Initial Yield | 9% |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 45,888 SF |
| Average Occupancy | 50% |
| Number of Floors | 3 |
| Year Built | 1840 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
- Sunroom
- Views
- Yard
- Built-In Bookshelves
- Deck
- Porch
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 3 | - | - |
| 2+1 | 2 | - | - |
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Walk Score ®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 15-00007-07-00006 | Improvements Assessment | £312,902 |
| Land Assessment | £128,870 | Total Assessment | £441,771 |
PROPERTY TAXES
Parcel Number
15-00007-07-00006
Land Assessment
£128,870
Improvements Assessment
£312,902
Total Assessment
£441,771
zoning
| Zoning Code | T-5 |
| T-5 |
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6-Unit Multifamily in the Heart of Newton, NJ | 100 Main St
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