Timothy Crew
This listing was posted on RealtyWW.
$850,000
Home For Sale In South Plainfield, New Jersey
Price:
$850,000
BR/BA:
6 BR, 1 BA
Location:
2219 Park Ave, South Plainfield, NJ
Description:
INVESTORS: This five-unit, mixed residential / commercial building has a cap-rate of 6.8%, bringing in a gross rent of $7, 100 a month (although this can be increased if the residential units are updated and the back detached properties designation changes). The entire unit is currently rented to a barber shop for $1, 775 and a waxing studio for $850. The upstairs apartments are both two bed, one baths rented for $1, 525 and $1, 425. In the rear is an additional detached property that is currently used as a residential unit but can be converted into a commercial space (medical is approved zoning) for $1, 525. All units have their own boilers and pay for their own utilities. The properties have 21-23 parking spots and are right on the corner of a major junction, so have plenty of curbside visibility. Total gross rent is $85, 200 and expenses are $26, 836. Included in expenses are the following: Professionals Fees ( Fire Alarm Inspection and Monitoring)For more details: https://realtyww.info/homes_south-plainfield-d534678/for-sale_i72919586
Property Type:
Single-Family Houses
Posted:
June 13 on RealtyWW
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More About this Listing: Home For Sale In South Plainfield, New Jersey
Home For Sale In South Plainfield, New Jersey is a Six Bedroom One Bath Single-Family Homes for Sale at 2219 Park Ave in South Plainfield NJ. Find other listings like Home For Sale In South Plainfield, New Jersey and listings near 2219 Park Ave by searching Oodle Classifieds for Six Bedroom One Bath Single-Family Homes for Sale in South Plainfield NJ.
Home For Sale In South Plainfield, New Jersey is a Six Bedroom One Bath Single-Family Homes for Sale at 2219 Park Ave in South Plainfield NJ. Find other listings like Home For Sale In South Plainfield, New Jersey and listings near 2219 Park Ave by searching Oodle Classifieds for Six Bedroom One Bath Single-Family Homes for Sale in South Plainfield NJ.