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16 E Elro Dr

Jefferson Twp., NJ 07438
  • $699,900
  • STATUS: Active
  • ON SITE: 193 Days
  • MLS #: 3761954
UPDATED: 59 min ago
$699,900
  • 6
    BEDS
  • 0.34
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Description

5 Unit multi-family property offering 3 standalone structures -- 16 E Elro, 18 E Elro and 20 E Elro. The 16 E Elro 2-family, lakeview property consists of a 1 BR, 1-bath unit on the 1st floor and a 2-BR, 1-Bath unit on the 2nd floor. 18 E Elro is a stand-alone cottage with an open floor plan and 1-bath. 20 E Elro is a side-by-side, 2-family dwelling with 1-BR and 1-Bath unit on each side. These 3 structures offer a terrific and rare investment opportunity. When fully rented, the annual gross income is over $66,500, annual expenses are approximately $12,500 All dwellings are on one lot as per seller.

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Garden State MLS logo © 2022 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 Team Braconi | Christie's International Real Estate | Northern New Jersey. 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 Team Braconi | Christie's International Real Estate | Northern New Jersey 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 2022-08-15T16:47:10.9.
www.teambraconihomesales.com/homes/125314586
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16 E Elro Dr Jefferson Twp., NJ 07438

  • Price: $699,900
  • Status: Active
  • On Site: 193 Days
  • Updated: 59 min ago
  • MLS #: 3761954
6
Beds
5
Baths
0
½ Baths
0.34
Acres
1960
Built
Neighborhood:
Oakridge
County:
Morris
Area:
Jefferson Twp.
Property Description
5 Unit multi-family property offering 3 standalone structures -- 16 E Elro, 18 E Elro and 20 E Elro. The 16 E Elro 2-family, lakeview property consists of a 1 BR, 1-bath unit on the 1st floor and a 2-BR, 1-Bath unit on the 2nd floor. 18 E Elro is a stand-alone cottage with an open floor plan and 1-bath. 20 E Elro is a side-by-side, 2-family dwelling with 1-BR and 1-Bath unit on each side. These 3 structures offer a terrific and rare investment opportunity. When fully rented, the annual gross income is over $66,500, annual expenses are approximately $12,500 All dwellings are on one lot as per seller.
Exterior Features

Approximate Lot Size 0.337 AC Color Of Building Red Exterior Description See RemarksWood Exterior Features DeckOpen Porch(Es)See RemarksThermal Windows/Doors Lot Description CornerLake/Water ViewOpen Lot Number Of Parking Spaces 6 Parking Driveway Description CommonDirt Roof Description Asphalt Shingle

Interior Features

Basement No Cooling None Heating 1 Unit Interior Features Carbon Monoxide DetectorFire ExtinguisherSee RemarksSmoke Detector Total Number Of Rooms 16 Unit1 Appliances Equipment Carbon Monoxide DetectorSee RemarksSmoke Detector Unit1 Baths 1.0 Unit1 Bedrooms 1 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsKitchenLiving Room Unit1 Rooms 2 Unit1 Security Deposit 1500 Unit1 Sq Ft 0 Unit2 Appliances Equipment Carbon Monoxide DetectorSee RemarksSmoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 1 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsKitchenLiving Room Unit2 Rooms 3 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 1 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsKitchenLiving RoomUtility Room Unit3 Rooms 4 Unit3 Sq Ft 0 Unit4 Appliances Equipment Carbon Monoxide DetectorSee RemarksSmoke Detector Unit4 Baths 1.0 Unit4 Bedrooms 2 Unit4 Fireplaces 0 Unit4 Levels 1 Unit4 Room Description BedroomsKitchenLiving Room Unit4 Rooms 5 Unit4 Sq Ft 0

Property Features

Assessment Total 285600 Building Assessment 183100 Easement Unknown Easement Description Unknown Expenses Include See RemarksTaxes Fha Age Restricted No Fuel Type GasproplOilabin Gross Operating Income 66500 Land Assessment 102500 Net Operating Income 54000 Services Cable Tv Available Sewer Septic Tax Amount 7979 Tax Rate Amount 2.794 Tax Rate Year 2021 Tax Year 2021 Total Operating Expense 12500 Unit Style 1-One StorySee Remarks Unit1 Owner Tenant Pays Tenant Pays ElectricTenant Pays Heat Unit1 Rent 1000 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Tenant Pays ElectricTenant Pays Heat Unit2 Rent 1050 Unit2 Security Deposit 1575 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Tenant Pays ElectricTenant Pays Heat Unit3 Rent 1250 Unit3 Security Deposit 1875 Unit4 Handicap Modified No Unit4 Owner Tenant Pays Tenant Pays ElectricTenant Pays Heat Unit4 Rent 1400 Unit4 Security Deposit 2100 Utilities ElectricGas-Propane Water Well Year Built Description Approximate

Listing information © 2022 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Realty Executives Exceptional.


Garden State MLS logo © 2022 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 Team Braconi | Christie's International Real Estate | Northern New Jersey. 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 Team Braconi | Christie's International Real Estate | Northern New Jersey 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 2022-08-15T16:47:10.9.
 
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