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105 Highland Ave

Kearny Town, NJ 07032
  • $599,900
  • STATUS: Active
  • ON SITE: 14 Days
  • ID#: 3808890
UPDATED: 151 min ago
$599,900
  • 5
    BEDS
  • 0.08
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
County:
Area:

School Ratings & Info

Description

RENOVATED TURNKEY HOUSE HACK - 2 family with newly renovated full finished vacant lower level that has summer kitchen, bathroom, 2 additional rooms, and separate side entrance! Parking with new blacktop driveway! Spacious backyard! 1st Floor: $2,000/month+$200/month for driveway privileges - 2 bedrooms+office - 1 bath - Lease expires 1/31/2023. Renovated 2nd Floor: $1,650/month - 2 bedrooms - 1 bath - Month to month. House hack and collect $3850/month in rent! 2 electric and 2 gas meters. Tenants pay separate electric and gas for cooking. Laundry room in basement common area. Updated plumbing, electric, hot water boiler, and hot water heater. Anderson windows. Paver patio in rear yard. Vinyl and brick sided home. Home is on nice street in quiet neighborhood and within walking distance to center of town and public transportation. Monthly mortgage amounts: Conventional - 25% down payment at 6% interest rate - Monthly mortgage (incl. property taxes+insurance) - $3,487.33/month. FHA - 3.5% down payment at 5% interest rate + 0.85% MIP - Monthly mortgage (incl. property taxes+insurance) - $4,307.57/month. Scenario 1: Collect $2200+$1650=$3850/month from top 2 apts. Use ground floor as desired. Conventional: $3,850-$3,487.33=$362.67/month profit! FHA: $3,850-$4,307.57=Pay $457.57/month. Scenario 2: Live on 2nd fl and collect $2200/month from 1st floor. Use ground level as desired. Scenario 3: Live on 1st fl and collect $1650/month from 2nd floor. Use ground level as desired.

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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 eXp Realty LLC. 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 eXp Realty LLC 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 2022-10-06T23:46:40.43.
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105 Highland Ave Kearny Town, NJ 07032

  • Price: $599,900
  • Status: Active
  • On Site: 14 Days
  • Updated: 151 min ago
  • ID#: 3808890
5
Beds
3
Baths
0
½ Baths
0.08
Acres
County:
Hudson
Area:
Kearny Town
Property Description
RENOVATED TURNKEY HOUSE HACK - 2 family with newly renovated full finished vacant lower level that has summer kitchen, bathroom, 2 additional rooms, and separate side entrance! Parking with new blacktop driveway! Spacious backyard! 1st Floor: $2,000/month+$200/month for driveway privileges - 2 bedrooms+office - 1 bath - Lease expires 1/31/2023. Renovated 2nd Floor: $1,650/month - 2 bedrooms - 1 bath - Month to month. House hack and collect $3850/month in rent! 2 electric and 2 gas meters. Tenants pay separate electric and gas for cooking. Laundry room in basement common area. Updated plumbing, electric, hot water boiler, and hot water heater. Anderson windows. Paver patio in rear yard. Vinyl and brick sided home. Home is on nice street in quiet neighborhood and within walking distance to center of town and public transportation. Monthly mortgage amounts: Conventional - 25% down payment at 6% interest rate - Monthly mortgage (incl. property taxes+insurance) - $3,487.33/month. FHA - 3.5% down payment at 5% interest rate + 0.85% MIP - Monthly mortgage (incl. property taxes+insurance) - $4,307.57/month. Scenario 1: Collect $2200+$1650=$3850/month from top 2 apts. Use ground floor as desired. Conventional: $3,850-$3,487.33=$362.67/month profit! FHA: $3,850-$4,307.57=Pay $457.57/month. Scenario 2: Live on 2nd fl and collect $2200/month from 1st floor. Use ground level as desired. Scenario 3: Live on 1st fl and collect $1650/month from 2nd floor. Use ground level as desired.
Exterior Features

Approximate Lot Size 30X110 Exterior Description BrickVinyl Siding Exterior Features PatioStorageFencvnyl Number Of Parking Spaces 4 Parking Driveway Description 1 Car WidthBlacktopDriveway-ExclusiveOff-Street Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description FinishedFull Cooling Wall A/C Unit(S) Heating 1 Unit Interior Features Fire ExtinguisherSmoke DetectorTile Floors Total Number Of Rooms 17 Unit1 Appliances Equipment Carbon Monoxide DetectorDishwasherMicrowave OvenRange/Oven - GasRefrigeratorSmoke DetectorWasher Unit1 Baths 1.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsDining RoomEat-In KitchenLiving RoomSee Remarks Unit1 Rooms 6 Unit1 Security Deposit 3000 Unit1 Sq Ft 0 Unit2 Appliances Equipment Carbon Monoxide DetectorDishwasherRange/Oven - GasRefrigeratorSmoke DetectorWasher Unit2 Baths 1.0 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsKitchenLiving Room Unit2 Rooms 5 Unit2 Sq Ft 0

Property Features

Assessment Total 80800 Building Assessment 59000 Easement No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 99999999 Land Assessment 21800 Net Operating Income 99999999 Sewer Public Sewer Tax Amount 8471 Tax Rate Amount 10.485 Tax Rate Year 2021 Tax Year 2021 Total Operating Expense 99999999 Unit Style 3-Three Story Unit1 Lease Expiration 2023-01-31 Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 2200 Unit2 Handicap Modified No Unit2 Lease Expiration 2022-03-31 Unit2 Owner Tenant Pays Owner Pays HeatOwner Pays WaterTenant Pays Electric Unit2 Rent 1650 Unit2 Security Deposit 3300 Utilities ElectricGas-Natural Water Public Water Water Heater Gas

Listing information © 2022 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Exp Realty, Llc: 866-201-6210.


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 eXp Realty LLC. 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 eXp Realty LLC 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 2022-10-06T23:46:40.43.
 
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eXp Realty LLC
966 Shoppes Blvd
North Brunswick NJ, 08902