425 John Street Plainfield City, NJ 07060

$625,000
6
Beds
3
Baths
0.00
Acres
$625,000
6
Beds
3
Baths
Favorite

active
1/26
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**LOW TAXES AND HIGH INCOME** **Property is a legal two family with a bonus attic space being rented out** Semi attached to another two family, which is 427 John St with a separate deeds. New 2023 remolded Updated Section 8 Multi Family Rental Property. Great ROI for investors portfolio to receive monthly guaranteed Passive Income. Section 8 Tenants pay their own utilities electric, Gas and even water. Camera Security System installed. 1 New Furnaces, 2 new Hot Water Heaters, New Kitchen Cabinets, Sink, Faucet, Fridge, Stove. New Gray Laminated Floors, New Windows, New Doors and Locks, New Paint, New Bathrooms, New Carpet, New Light Fixtures etc. RentsSection 8: 1st floor 2-Bedroom 1 Bathroom $1,926 a Month Standard Condition but Newly Remodel Cabinets, Sink and repaired plumbing.Section 8: 2nd floor 3-Bedroom 1 Bathroom $2,600 a Month. Newly Renovated Attic ApartmentRoom rental is vacant but can be rented at $1700 a month. Total rent role will be $6,000 a month once upstairs is rented $72,00 a year NET! **property being sold as-is** **pictures are old pictures taken after renovation prior to the tenants moving in**

**LOW TAXES AND HIGH INCOME** **Property is a legal two family with a bonus attic space being rented out** Semi attached to another two family, which is 427 John St with a separate deeds. New 2023 remolded Updated Section 8 Multi Family Rental Property. Great ROI for investors portfolio to receive monthly guaranteed Passive Income. Section 8 Tenants pay their own utilities electric, Gas and even water. Camera Security System installed. 1 New Furnaces, 2 new Hot Water Heaters, New Kitchen Cabinets, Sink, Faucet, Fridge, Stove. New Gray Laminated Floors, New Windows, New Doors and Locks, New Paint, New Bathrooms, New Carpet, New Light Fixtures etc. RentsSection 8: 1st floor 2-Bedroom 1 Bathroom $1,926 a Month Standard Condition but Newly Remodel Cabinets, Sink and repaired plumbing.Section 8: 2nd floor 3-Bedroom 1 Bathroom $2,600 a Month. Newly Renovated Attic ApartmentRoom rental is vacant but can be rented at $1700 a month. Total rent role will be $6,000 a month once upstairs is rented $72,00 a year NET! **property being sold as-is** **pictures are old pictures taken after renovation prior to the tenants moving in**

  • Neighborhood
  • Type
  • Total Baths
  • County
    Union
  • Tax Amount
    $4,898
  • Status
    Active
  • Listing #
    3964641
  • Built
    1931
  • Lot Size
    0.00
  • Listed on site
    39 days

Listed by:
Exp Realty, Llc

Source:
Garden State MLS

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Exterior features

  • Basement

Interior Features

  • Basement Unfinished
  • Basement Full
  • Basement Walk Out
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