Investment Properties
Check out the Commercial properties we have available in the Essex County area.
Buildings/Business
In the house with Stephen Ross, owner and Developer of Hudson Yards in New York City, a 25 Billion Dollar Development.
218 Linden Ave., Jersey City, NJ - $680,000- UNDER CONTRACT
Outstanding 2-Family in Upper Greenville Section of Jersey City!
Modern renovations throughout property to make this an easy choice.
1st/2nd Floor consist of:
3 Bedrooms / 1 Bath
Newer kitchen & bath, hardwood floors and so much more!
Currently occupied by a Section 8 tenant paying $2,600 in rent with Separate utilities, which gives the buyer options.
3rd Floor consist of:
2 rooms which have not been lived in since the renovation. Can be combined with 2nd floor for 5 Bedroom / 2 Bath Duplex or used creatively for additional income.
Private low maintenance backyard with newer vinyl fencing.
Taxes : $10,600 yearly
157 & 165 Camden St., Newark, NJ- $795,000 Each
Be a part of the Newark Renaissance!
New Construction 2-Families close to Downtown and major transportation!
Each Home features:
3 Bedroom / 2 Bathrooms -2nd Floor Unit
Ground & 1st Floor provides the Owner with 3 Bedrooms & 2.5 Baths with extra space in duplex.
2nd Floor income producing tenant! -$2,800 plus can be expected.
A tax abatement will be provided.
Upgrades include:
Green technology, HVAC, Hardwood floors, Cermaic tiles, Metal roof, Fire Suppression Sprinkler System, Fiber Cement Siding, Garage, Driveway and a private fenced in yard to complete your dream home!
Package Deal - Newark, NJ - $2,100,000- SOLD
4 Property package Sanford Avenue, Valsburg Section of Newark, NJ.
Property breakout:
11 Units - Consisting as 3/3/3/2 Family
Huge Lot Size: Individually and as a group. Together grouped nearly 30,000 sq. ft.
Properties are priced to go at $1.7 Million for package!
Newark Warehouse - $489,000 - FOR SALE
497-499 S.17th St., Newark, NJ :
Incredible opportunity to own a warehouse in the heart of Newark.
Property consist of nearly 4,000 sq. ft including concrete floors, 10-ft plus ceiling height, new roof, new heating blowers, upgraded electric and a 2-year old electronic gate.
Property has a small separate office which consist of two rooms and a half bath, additional half bath in warehouse area.
386 Park Ave., Newark, NJ - $775,000 - SOLD
Can you say cash cow?
Iconic bar & restaurant ready to change hands.
Located in the North Ward of Newark by Branch Brook Park.
Sale includes Class D Liquor license and stock.
Building included in sale with income of nearly $100K annually in rents separate from the business.
COMING TO MARKET SOON: 1/2 Acre in Newark Re-development Area - $1,200,000
Property has conducted Phase-one Environment.
Completing engineering survey, and legal variance application pending.
Possible uses: 8 (two) family homes or a 40-60 Unit Multi-family.
Newark/Irvington Border Warehouse - $750,000 - SOLD
-Warehouse with 4200 sq ft with working utilities.
-Additional 5500 sq ft parking included.
44 Unit - 203-207 Charlton St., Newark, NJ- $3,600,000- UNDER CONTRACT
Outstanding former tax credit deal with Low income attached financing ( HMFA & City Of Newark.) Building is completely occupied with professional Property Management for 28 years. Audited numbers. Low initial cap rate, however outstanding upside potential. Asking price is $3.8 Million.
632-634 Martin Luther King Blvd., Newark, NJ, 07102 - $1.9M-(UNDER CONTRACT)
Newly Renovated 18-Unit Building For Sale!
Recently renovated 18-unit building for sale at 632-634 Martin Luther King Blvd, Newark, NJ down the street from St. Benedict's High School. 14 Residential tenants predominately on Sec. 8. Also 4 Commercial tenants.
Rent Roll per year: $250,000 plus!
Buying Investment Property Tips:
Determining Cash on Cash Return
-What does this mean?
Determining the return on investment against your deposit.
Ex: If you put down a $100,000 deposit and after income and expenses you're left with $9,000, your cash on cash return is
9%.
Questions?
Powerhouse Realty
1549 Springfield Ave.,
Maplewood, NJ 07040
Phone: 908 391-1136
Fax: 973 763-5099
E-mail: Rspears10@aol.com
Or use our contact form.
Tip of the Week:
ESTATE HOME TIPS
Selling an estate property by default can be a difficult process. The emotional loss can be overwhelming. This is why it is imperative that you surround yourself with a team that will patiently guide you through the disposition of the property.
1) Make sure your paperwork is in order. Who is named as executor or adminstrator for the estate? Has the paperwork been filed with the county?
2) Hire an attorney that understands family law as well as real estate law if possible.
3) Does your realtor have experience in estate sales? Often the estate may not have the proceeds to address issues, such as clean outs, repairs or possibly relocation. Does your realtor have the resources to assist? As a whole, empathy and patience should be your guiding light until the closing!
Show Off Your Home!
Quick fixes before selling always pay off, but don’t over improve. Instead, do repairs that will pay off and get you what the home is truly worth. Best advice is to paint all the walls a neutral color, lighter colors open up the space. De- Clutter prior to listing your home… fix leaky faucets and keep the home clean at all times. For higher end homes consider staging (with a professional) to show the houses best light. Finally, depersonalize the home as much as possible. Although it’s emotionally difficult, eliminate family pics and certain art pieces that reflect you. A buyer wants to imagine themselves in the property so a blank canvas is best.
Learn more about how to sell your property.
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