8 Newton Ave Sussex, NJ $ 399,900
8 Newton Ave
$ 399,900
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8 Newton Ave

Sussex, NJ, 07461
$ 399,900
Baths0.1

Monthly Estimate*

$ 2,793

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Studio

Commercial Property for sale in Sussex, NJ

for $399,900 with 1 half bath. This building was built in 1911 on a lot size of 0.04.

WOW! RENOVATED, MIXED USE BUILDING LOCATED IN DOWNTOWN SUSSEX. THIS 3 STORY BUILDING FEATURES A COMMERCIAL STORE FRONT ON THE 1ST FLOOR AND 2- 2 BEDROOM APARTMENTS ON THE 2ND AND 3RD FLOOR. THE STORE IS RENOVATED AND HAS A LEASE. THE SECOND FLOOR UNIT IS RENOVATED AND FEATURES 2 BEDROOMS, LIVING ROOM, KITCHEN AND A FULL BATHROOM. THE 3RD FLOOR UNIT FEATURES A NEW KITCHEN, 2 BEDROOMS, LIVING ROOM, KITCHEN AND A FULL BATHROOM. THE STORE FRONT IS FUELED BY OIL HEAT, THE SECOND AND THIRD FLOOR APARTMENTS ARE ELECTRIC HEAT. PUBLIC WATER AND SEWER SERVICE THE BUILDING. EACH UNIT DOES HAVE SEPARATE WATER METERS, BUT THE LANDLORD IS CURRENTLY PAYING THE WATER AND SEWER. LEASES ARE ALL READY TO RENEW AND ALL TENANTS WOULD LIKE TO STAY. SUSSEX IS AN UP-AND-COMING TOWN AND IS CLOSE TO MAJOR ROUTES AND SHOPPING. SOLID INVESTMENT WITH ROOM TO GROW.

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Commercial Active

Price

$ 399,900

Bedrooms

Studio

Half Bath

1

Property Type

Commercial

Taxes

$ 7,271

Style

MixedUse

Lot Size

0.04

Year Built

1911

Town/City

Sussex

County/Region

Sussex

MLS | Web ID

3888834

Features
General
Sewer Public Sewer
Construction Wood
Heating 1 Unit Baseboard - Electric Forced Hot Air
Cooling Wall A/C Unit(s)
Utilities Electric
Possession UPON CLOSING
Roof Asphalt Shingle
Zoning C-1
Garage Spaces 0
Year Built 1911
Tenant Pays Electric Heat Hot Water Oil Trash Removal
Township Sussex Boro
Property Type Mixed Use MixedUse
Tax Year 2023
Percent Ownership Fee Simple
Location Business District Residential Area
Gross Income 39360
County Sussex
Net Operating Income 24360
Operating Expense 15000
Status Active
Directions 8 NEWTON AVE SUSSEX
Total Units 3
Street Name Newton Ave
Tax Annual Amount 7271
Drive On-Street Parking
Leasable Area 1100
Days on Market 40
Standard Status Active
Tax Assessed Value 206000
Town # 2823
Tax Lot 7
Cap Rate 0.00
Farm Assessment No
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Interior
Basement Full Unfinished
Flooring Carpeting Tile Vinyl-Linoleum
Fuel Type Electric OilAbIn
Total Stories 3
Half Baths 1
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Exterior
Lot Features Level Lot Open Lot
Water Source Public Water
Total Parking 0
Exterior Description Vinyl Siding
Building Area Total 3000
Lot Dimensions 25X64
Lot Size Acres 0.04
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* Excluded Features
List By
JOSEPH MORREALE

Listing Agent

Re/Max Select

Broker

projoe01@me.com

Email

Affordability Calculator

$3,399
Per Month
82%
18%
0%
Monthly Principal & Interest
$2,793
Monthly Property Taxes
$606
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/4/2024$399,900 Listed Price

Map


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8 Newton Ave, Sussex, NJ, 07461 is a Commercial Property for sale at $399,900 with a lot size of 0.04. 8 Newton Ave is a studio with 0.1 baths and was built in 1911. The property's zip code is 07461 which is in Sussex, NJ