Properties

Description

Cash cow and cash flow positive investment property located in Plainfield, NJ. Four apartments and 1 commercial space. Three of the apartments have been totally renovated within the last two months. Apartment 1 is two bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas. Apartment 2 is two bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas. Apartment 3 is thre bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas. Apartment 4 is three bedrooms and one full bathroom. Occupied. $2,200 per month. Tenant pays electric and gas. Garage has two bays and is leased for $6,000 per month. $2,700 CAM every quarter. Triple Net property. 12% cap rate.

Features

  • Heating System : 4+ Units, Baseboard - Hotwater, Forced Hot Air
  • Cooling System : Window A/c(s)
  • Basement : Unfinished
  • Roof Deck : Asphalt Shingle
  • Parking Description: None
  • Tax Assessed Valuation: 126700
  • Water: Public Water

Appliances

  • Utilities: All Underground, Electric, Gas-Natural
  • Internet

Additional Info

  • Office Name: VRI HOMES
  • Office MLS ID: 2112
  • Agent ID: 252012
  • Tax: 11254
  • Tax Year: 2023
  • Application Fee: $0

Multi-Family For Sale

For Sale
$1,590,000

317 Richmond St, Plainfield City, *

  • SQFT 29 Acre
  • Bedroom 8

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5313702
  • Price: $1,590,000
  • Bedrooms: 8
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 0
  • Lot Area: 29 Acre
  • Status: Active
  • Days On Market: 0

Contact Agent

Map

Address Map

  • Country US
  • County Union
  • City Plainfield City
  • Zipcode *
  • Street: Richmond St
  • Street Number: 317
  • Street Direction: gps richmond street
  • Floor Number: 0
  • Longitude: W75° 35' 5.7''
  • Latitude: N40° 37' 22.3''
  • Internet Display Address: Yes
Property