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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.PROPERTY FEATURES
Water Source :
Public
Sewer Source :
Public Sewer
Parking Features:
On Street, Direct Access, Heated Garage, Oversized, Workshop in Garage
2
Garage Spaces
Cooling:
Multi Units
Heating :
See Remarks
Basement Description :
Other, Full
PROPERTY DETAILS
Street Address: 317-319 Richmond Street
City: Plainfield
State: New Jersey
Postal Code: 07060
County: Union
MLS Number: 22418132
Courtesy of VRI Homes
City: Plainfield
State: New Jersey
Postal Code: 07060
County: Union
MLS Number: 22418132
Courtesy of VRI Homes
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