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.
Listed by:
Vri Homes
Source:
Garden State MLS
Date | Days Ago | Event | New Price |
---|---|---|---|
Sep 18, 2024 | 1 mo ago | Price decreased14,310,000 (90%) | $1,590,000 |
Sep 18, 2024 | 1 mo ago | New on market | $15,900,000 |