103 Catawba Ave

Newfield, NJ 08344

Offer Accepted, waiting on contracts to be signed with attorneys! ***INVESTOR ALERT****Looking for a well maintained 6 PLEX? Your search is officially over! Consisting of 2 separate buildings on a large lot, this property has been well maintained and updated over the years. The front house has a 2 bedroom unit on each level and is equipped with gas forced air heat, central AC (Newer Goodman unit was installed in 2020), a full unfinished walkout basement, with access to it from the first level unit, a floored storage attic with access from the second level unit, and updated 200 amp electric. The back unit contains 4/ 1 bedroom units, all equipped with electric baseboard heat and no AC (Just window units). There is also a small efficiency unit that is currently being used for storage but could be turned back into an income producing unit. Tenants pay gas and electricity (all utilities are separate). Landlord pays Water, Taxes, Insurance, Septic maintenance, Private trash collection, Common area electric and lawn care/snow removal. Total income is $ 64,800 with expense at approx... $ 27,394. Annual income is around $37,406! It is registered as a 6 Unit. The state inspection was completed 9/3/19 (good for 5 years). All tenants are current on rent. The roof on the front building is 2 years old. The roof on the back building is 15 years old. The septic was replaced 12 years ago. It doesn't get any better than this! Units 2, 4, & 7: Tenants work nights and will not be available to show. 5 of the 6 rented units are on month to month leases. Great long term tenants that would all enjoy staying. In a quite area of Newfield. Make your offer today!