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.
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Listing Snapshot
Price
$1,590,000
Days On Site
69 Days
Bedrooms
8
Inside Area (SqFt)
5,600 sqft
Total Baths
4
Full Baths
4
Partial Baths
N/A
Lot Size
N/A
Year Built
N/A
MLS® Number
3924755
Status
Active
Property Tax
$11,254
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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