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17 Thomas St

Bloomfield Twp., NJ 07003
  • $499,000
  • STATUS: Active Under Contract
  • ON SITE: 78 Days
  • MLS #: 3808550
Under Contract
UPDATED: 61 min ago
$499,000
  • 4
    BEDS
  • 0.06
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,558
    SQFT
  • $320
    $/SQFT
Type:
Multi-Family
Built:
1890
County:

School Ratings & Info

Description

Calling all investors and house-hackers -- you don't want to miss this turnkey opportunity to own a great 2-family property in Bloomfield near the train station and Watsessing Park! The first unit has been gut-renovated and features two bedrooms plus a sunny home office, a modern bathroom, open-concept kitchen with an island and brand-new appliances (including a dishwasher and range hood), a bar nook, new windows, flooring, drywall, and lighting. In addition, this unit boasts the convenience of a brand-new central air system. Unit 2 offers an updated kitchen and bathroom, two bedrooms, and a peaceful bonus room ideal for working from home or as a coffee and reading nook. The unfinished basement includes new mechanical units and electrical panels and plenty of storage space, while the backyard offers an oasis to unwind, enjoy al fresco dining, or do some urban gardening. There is also room for one off-street parking spot in front. The property is located near Home Depot, Aldi, Starbucks, and Bloomfield Ave, home to numerous businesses and restaurants. It is also a stone's throw from 23 Skiddoo Caf , a popular local coffee house.This is the investment opportunity you've been waiting for. But hurry, at this price point, with a projected cap rate of 6+%, a hot rental market, and with low multi-family inventory, this property will not last!

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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 Caitlyn Mulligan with RE/MAX Revolution. 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 Caitlyn Mulligan with RE/MAX Revolution 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 2022-12-08T23:46:23.277.
www.mulligansellsmore.com/homes/133272108
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17 Thomas St Bloomfield Twp., NJ 07003

  • Price: $499,000
  • Status: Active Under Contract
  • On Site: 78 Days
  • Updated: 61 min ago
  • MLS #: 3808550
4
Beds
2
Baths
0
½ Baths
0.06
Acres
1,558
SQFT
$320
$/SQFT
1890
Built
County:
Essex
Area:
Bloomfield Twp.
Property Description
Calling all investors and house-hackers -- you don't want to miss this turnkey opportunity to own a great 2-family property in Bloomfield near the train station and Watsessing Park! The first unit has been gut-renovated and features two bedrooms plus a sunny home office, a modern bathroom, open-concept kitchen with an island and brand-new appliances (including a dishwasher and range hood), a bar nook, new windows, flooring, drywall, and lighting. In addition, this unit boasts the convenience of a brand-new central air system. Unit 2 offers an updated kitchen and bathroom, two bedrooms, and a peaceful bonus room ideal for working from home or as a coffee and reading nook. The unfinished basement includes new mechanical units and electrical panels and plenty of storage space, while the backyard offers an oasis to unwind, enjoy al fresco dining, or do some urban gardening. There is also room for one off-street parking spot in front. The property is located near Home Depot, Aldi, Starbucks, and Bloomfield Ave, home to numerous businesses and restaurants. It is also a stone's throw from 23 Skiddoo Caf , a popular local coffee house.This is the investment opportunity you've been waiting for. But hurry, at this price point, with a projected cap rate of 6+%, a hot rental market, and with low multi-family inventory, this property will not last!
Exterior Features

Approximate Lot Size 25 X 105 Exterior Description Vinyl Siding Garage Description None Lot Description Level Lot Number Of Parking Spaces 1 Parking Driveway Description 1 Car WidthConcrete StripOff-Street ParkingSee Remarks Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Unfinished Cooling 1 UnitCentral AirWall A/C Unit(S) Heating 1 UnitBaseboard - ElectricForced Hot Air Interior Features Carbon Monoxide DetectorFire ExtinguisherSmoke Detector Total Number Of Rooms 10 Unit1 Appliances Equipment Carbon Monoxide DetectorDishwasherRange/Oven - GasRefrigeratorSmoke Detector Unit1 Baths 1.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsDining RoomEat-In KitchenLiving/Dining RoomSee RemarksSunroom Unit1 Rooms 6 Unit1 Security Deposit 0 Unit1 Sq Ft 800 Unit2 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasRefrigeratorSmoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsDining RoomKitchenLiving RoomSee RemarksSunroom Unit2 Rooms 7 Unit2 Sq Ft 700

Property Features

Assessment Total 261700 Building Assessment 164800 Easement Unknown Expenses Include Cold WaterInsuranceSee RemarksTaxes Farm Assessment No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 43200 Home Warranty No Land Assessment 96900 Net Operating Income 32560 Renovated Year 2022 Sewer Public Sewer Tax Amount 8225 Tax Rate Amount 3.143 Tax Rate Year 2021 Tax Year 2021 Total Operating Expense 10640 Unit Style 2-Two Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 0 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 0 Unit2 Security Deposit 0 Utilities All UndergroundElectricGas-Natural Water Public Water Water Heater Gas Year Built Description Renovated

Listing information © 2022 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 201-627-4947.


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 Caitlyn Mulligan with RE/MAX Revolution. 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 Caitlyn Mulligan with RE/MAX Revolution 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 2022-12-08T23:46:23.277.
 
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Caitlyn Mulligan with RE/MAX Revolution
2101 route 34, Suite B
Wall NJ, 07719