$1,590,000
317 Richmond St Plainfield City, NJ 07060
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$1,590,000
Est. payment /mo
8 Beds
4 Baths
5,600 SqFt
UPDATED:
09/18/2024 07:24 PM
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,600 sqft
Price per Sqft $283
MLS Listing ID 3924755
Style 2-Two Story, See Remarks
Bedrooms 8
Full Baths 4
Annual Tax Amount $11,254
Tax Year 2023
Property Description
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.
Location
State NJ
County Union
Rooms
Basement Unfinished
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Stucco
Garage Detached Garage
Garage Spaces 2.0
Utilities Available All Underground, Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Water Public Water
Architectural Style 2-Two Story, See Remarks
Others
Senior Community No
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Jeffrey Lee
Broker Associate - Team Leader | License ID: 0683786
Broker Associate - Team Leader License ID: 0683786