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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
Unit 1 Rooms : 5
Unit 1 Room Description : Bedrooms, Dining Room, Kitchen, Living Room
Unit 1 Levels : 1
Unit 1 Beds : 2
Unit 1 Baths : 1.0
Unit 2 Rooms : 5
Unit 2 Room Description : Bedrooms, Dining Room, Kitchen, Living Room
Unit 2 Levels : 1
Unit 2 Beds : 5
Unit 2 Baths : 1.0
Unit 3 Rooms : 5
Unit 3 Room Description : Bedrooms, Eat-In Kitchen, Kitchen, Living Room
Unit 3 Levels : 1
Unit 3 Beds : 3
Unit 3 Baths : 1.0
Unit 4 Rooms : 5
Unit 4 Room Description : Bedrooms, Dining Room, Kitchen, Living Room
Unit 4 Levels : 1
Unit 4 Beds : 3
Unit 4 Baths : 1.0
Utilities : All Underground, Electric, Gas-Natural
Water : Public Water
Garage Description : Detached Garage
Number of Garage Spaces : 2
Exterior Description : Stucco
Unit 1 Area : 1200 S.F
Unit 2 Area : 1200 S.F
Cooling : Window A/C(s)
Heating : 4 Units, Baseboard - Hotwater, Forced Hot Air
Fuel Type : Gas-Natural
Water Heater : Gas
Roof Description : Asphalt Shingle
Basement Description : Unfinished
PROPERTY DETAILS
Street Address: 317 Richmond St
City: Plainfield
State: New Jersey
Postal Code: 07060-1864
County: Union
MLS Number: 3924755
Courtesy of VRI HOMES
City: Plainfield
State: New Jersey
Postal Code: 07060-1864
County: Union
MLS Number: 3924755
Courtesy of VRI HOMES
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