84 Mill St 2, Newton Town NJ, 07860

Active

84 Mill St 2

Newton Town NJ, 07860

$595,000

$258.47 per sqft

Active

5 Beds

3 Baths

2,302 sqft

Multi-family

Built in 1810

Welcome to 84 Mill St in Newton, NJ! This recently renovated two-family home offers a fantastic opportunity for homeowners and investors alike. Located conveniently in town, it is close to schools, shopping, and essential services, providing easy access to everyday needs. The property generates an impressive $61,000. in annual gross rental income, making it an attractive investment. Each unit has been thoughtfully updated, and the home boasts a large private yard perfect for outdoor enjoyment. Ample multi-car parking adds to its convenience. Whether you're looking for a great investment property or a comfortable place to call home with rental income potential, this property checks all the boxes! Home back on the Market. Buyer could not perform. Excellent income with GOI at $61,200 per year. Estimated NOI at $48,900 = 8% Cap Rate. and 116.66 Gross Rent Multiplier.

3937955

MLSⓇ ID

December 13, 2024

Listed

January 8, 2025

Updated

Map

84 Mill St 2
Newton Town NJ, 07860

Interior Features

Total Stories: 2
Bedrooms: 5
Total Bathrooms: 3
Full Bathrooms: 3
Fireplace: No
Cooling: No
Heating: Yes
Heating Description: Baseboard

Exterior/Building Features

Lot Size: 0.92 Acres
Architectual Style: 2-Two Story
Roof: Asphalt
Sewer: Public Sewer

School Information

High School: NEWTON

Other Property Details

Taxes: $11,066
Tax Frequency: Annually
Days on Market: 26
Garage: No
View: No
County: Sussex
Water Source: Public
Pool: No
Zoning: T-4

Listing History

Date	Event	Price
1/8/2025	Active	—
12/28/2024	Under contract	—

Courtesy of RE/MAX PLATINUM GROUP with MICHAEL JOHN GANGUZZA,
Listing Contact:

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