317 Richmond Street Plainfield City, NJ 07060

$1,590,000
8
Beds
4
Baths
0.00
Acres
$1,590,000
8
Beds
4
Baths
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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.

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.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Union
  • Tax Amount
    $11,254
  • Status
    Active
  • Listing #
    3924755
  • Lot Size
    0.00
  • Listed on site
    41 days

Listed by:
Vri Homes

Source:
Garden State MLS

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Property details

Exterior features

  • Has garage
  • Basement

Interior Features

  • Basement Unfinished
  • Basement Walk Out

Property History

DateDays AgoEventNew Price
Sep 18, 20241 mo agoPrice decreased14,310,000 (90%)$1,590,000
Sep 18, 20241 mo agoNew on market$15,900,000
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