600 N 6th St APT 4B, Newark, NJ 07107

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600 N 6th St APT 4B Newark, NJ 07107

3 beds3 baths700 sqft

Off Market
Zestimate®: $90,383
Rent Zestimate®: $1,502/mo
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This home is not currently listed for sale or rent on Zillow.

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A Rent Zestimate® is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property.

My Notes

Edit
Investor needs to sell my 3 one bedroom apartments.Located at 600 North 6th street Newark NJBuilding called Branch Brook CondominiumGross rent roll is $2510/month.Expenses Include:1. 5% bad debt = $125.5/month2. Property Tax = $375.month3. Gas & Electric paid by tenants. Separate meters. = $0.004. Maintenance Fee = $270.00/month5. Insurance = $79.00/month6. Water is paid by Association = $0.00Total Net Income = $1660.50/month.Owner needs to move and has to pay off his mortgage.He owes $200,000. Your Return on Investment is 10%this complex is very easy to run. You will have a built in property manager.All the checks get mailed to you every month. Just sit back and collect.The owner owned the property for over 10 years. And needs to relocate due to personal reasons. Call Ken 908-514-3840  More Less 

Facts

  • Lot: 666 sqft
  • Single Family
  • Built in 1970
  • Last sold: Jan 1987 for $50,000

    Features

    • Parking: 3 spaces

        Construction

        • Exterior material: Brick
        • # Stories: 1.0
        • Unit count: 1

        Other

        • Floor size: 700 sqft
        • Parcel #: 1400596000000005 04 C4B
        • Zillow Home ID: 38693086

        Zestimate Details

        Zestimate
        A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

        The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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        $90,383
        -$5,636 Last 30 days
        $83K
        $99K
        Zestimate range
        Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

        The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
        $1,502/mo
        -$3 Last 30 days
        $1.1K
        $1.7K
        Zestimate range
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        $XXX,XXX
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        Neighborhood

        Market guide

        Zillow predicts 07107 home values will rise 4.1% next year, compared to a 2% increase for Newark as a whole. Among 07107 homes, this home is valued 55.5% less than the midpoint (median) home, but is valued 61.3% more per square foot.

        Foreclosures will be a factor impacting home values in the next several years. In the 07107 market, the number of foreclosures waiting to be sold shrank 31% in the last year. The number of unsold foreclosures is 2.3% higher than in Newark, and 25.7% greater than the national average. This higher local number may prevent 07107 home values from rising as quickly as other regions in Newark.

        Learn more about forecast calculations or 07107 home values.
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          For Sale

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          Rentals

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          Other Units in this Building (7)ZestimateBedsBathsSqft
          Apt 8B$88K----708
          Apt 7B$88K----708
          Apt 6B$88K----708
          Apt 2A$88K----550
          Apt 5B$88K----708
          Apt 3B$88K----708
          Apt 1A$88K----550

          Nearby Schools in Newark

          GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

          Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

          Data by GreatSchools.org

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