Beautiful & Historic Church for Sale - $699,000

Property consists of church, attached meeting hall, rectory and parking lot on .4591 acres.

Original church building was built circa 1858 and enlarged in 1905.

Sanctuary seats approximately 130 - 150.
Meeting hall seats approximately 50.
Lawful seating capacity must be verified.

Area of church and meeting hall - 5,220 square feet
Area of rectory - 2,424 square feet
Total area - 7,644 square feet

Price per square foot: $91.44

Parking for 10 cars plus on-street parking.

Block 86 - Lot 10
Lot size - 100 x 200 feet
Total site area - 20,000 square feet

Location Description:
Myrtle Avenue, close to center of town. Residential neighborhood.

Dual entrance to property. Main entrance is from the south side of Myrtle Avenue,
and the second entrance is from the north side of Brookside Avenue.

Zoning - R-4 Garden Apartment

Assessment - $805,700

Appraised at $730,000 in November, 2007.

Above data is approximate and must be independently verified.


NOTE: Property is being sold "As Is" and is priced accordingly. Please see notes below.

ALL INFORMATION PRESENTED IN THIS FLIER SHOULD BE INDEPENDENTLY VERIFIED BY BUYER

Represented by:

Andrew Knapp, Sales Associate

973.783.3226 - direct tel.
973.860.0897 - direct fax

drewknapp1(at)gmail(dot)com - email


CENTURY 21 CEDARCREST REALTY
460 Bloomfield Ave.
Caldwell, NJ
07006

973.228.1050 office tel.
973.228.7435 office fax

Insurance - $10,000 approx

Operating expenses - to be supplied

Rent roll - $1,000, Sanctuary - $1,400, Meeting Hall

Schedule of current use -

Sanctuary
Sunday - 10 am - 2 pm; 7 pm - 9 pm
Tuesday - cleanup every week; prayer every other Tues 7:30 pm - 9 pm
Wed - 9 am - 12 noon; 7:30 - 9 pm
Friday - 7:30 - 9:30 pm
Sat - cleanup

Meeting Hall
Sunday - 10 am - 2 pm; 7 pm - 9 pm
Thursday - 7:30 - 9:30 pm
Friday - 7:30 - 9:30 pm

Heating - Two oil boilers, one in church, the other in meeting hall. Heating unit in house was taken from property early in 2008.

Plumbing - The water lines in the rectory have been shut off for about two years and may need repair.

Oil Tanks - There are two new oil tanks located above ground in the basements of the church and the meeting hall. The tank in the meeting hall is a state-of-the-art Rothe.

Seller has also recently removed two buried tanks from premises and has remediated soil.

Previously, they had removed a third tank. To the best of their knowledge, all tanks have been removed.

Seller is awaiting no further action letter and will provide.

Roof of sanctuary - Leaks in the roof have been reported in the past, to the best of our knowledge they have been repaired.

Roof of meeting hall - half of roof recently replaced new, with new ceiling tiles, new plywood floor and carpet in library and office.

Gutter of Rectory - gutter was leaking, causing damage in bedroom, and has been recently repaired.

Historical / Landmark status - to the best of Seller's knowledge, property is not designated as historic or landmark. Buyer should verify independently.

____________________________________________________________________


Tax records, from GSMLS:


ESSEX COUNTY FULL TAX REPORT

TOWNSHIP: IRVINGTON TWP. (1609)

PROPERTY INFORMATION

PROPERTY MAILING ADDRESS: 36 MYRTLE AVE, IRVINGTON, NJ 07111
PROPERTY PHONE:
OWNER NAME: TRINITY EPISCOPAL CHURCH
OWNER'S ADDRESS: 31 MULBERRY ST, NEWARK, NJ 07102
OWNER PHONE:
ADDITIONAL LOTS: MAIL CARRIER ROUTE:
BUILDING DESCRIPTION: CHURCH/PARSONAG BLOCK/BLOCK SUFFIX: 86/0000
ACRES: .4591 LOT/LOT SUFFIX: 00010/0000
LOTSIZE: 100 X 200 QUALIFIER CODE:
YEAR BUILT: TAX PARCEL ID: 1609-00086-0000-00010-0000-


TAX INFORMATION

TAX YEAR: 2008 TOTAL TAX: $
TAX DISTRICT (TOWNSHIP): 9 TAX MAP PAGE:
TAX ZONE: DEED BOOK:
TAX SPECIAL ZONE: A01 DEED PAGE:
BUILDING CLASS: SALE PRICE: $
PROPERTY CLASS: 15D SALE DATE:
LAND ASSESSMENT: $164,700 TAX RATE: 2.27
IMPROVEMENT ASSESSMENT: $641,000 TAX RATIO: 133.52
TOTAL TAXABLE ASSESSMENT: $805,700 CALCULATED TAX AMOUNT: 0


ALL INFORMATION PRESENTED IN THIS FLIER SHOULD BE INDEPENDENTLY VERIFIED BY BUYER

________________________________________________


NOTE TO BUYER:

Seller requires a convincing letter of intent from Buyer's mortgage company to be presented at time of offer.

If Buyer is a church congregation, the following documentation will need to be submitted to mortgage company:

- income and expense reports
- balance sheet with detail
- detailed profit and loss statement
- bank statements
- Articles of Incorporation
- any other pertinent information regarding the history of the Church's establishment, as required.