For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $440,000
Property Type Multi-Family
Sub Type 3 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,907 sqft
Price per Sqft $151
MLS Listing ID 2113462R
Sold Date 10/25/21
Originating Board CJMLS API
Annual Tax Amount $8,085
Tax Year 2020
Lot Size 5,898 Sqft
Acres 0.1354
Lot Dimensions 0.00 x 0.00
Property Description
Awesome Opportunity for a CASH machine 3 family for Investor or live in 1 unit and rent other 2*Property consists of renovated 2 family upstairs and downstairs,as well as a third unit ground level with high ceilings currently gutted(was previously commercial-Variance granted by town for 3rd residential unit)*Large back room for can be seperate storage units*big parking area*Upstairs currently rented with lease($1645 gas included)* Downstairs Being left vacant for option for buyer(was rented $1700 paying 1/2 gas)*Seperate Electric Meters*Gross rent 2 fam=$40k(3rd unit when completed easy $2000) to yield $60,000 gross rent. Insurance-$2,400,taxes-$8000,water/sewer-$600,1/2 gas-$600(current expenses=$11,600)Projected work needed $90,000,new projected yearly expense-$14,000**Looking at NOI Apprx. $46,000 with a CAP Rate .0718** Located just down the street from Train station to NYC and restaurants, stores,shopping,schools and major Hiway access
Location
State NJ
County Middlesex
Zoning RA
Rooms
Basement Partial, Utility Room
Interior
Interior Features Unit 1(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 3(See Remarks)
Heating Baseboard
Cooling A/C Multi-Zone, Unit 1(A/C Unit), Unit 2(A/C Central)
Appliance Water Heater(Gas), Water Heater, Unit 1(Dryer, Range/Oven, Refrigerator, Washer), Unit 2(Dryer, Range/Oven, Refrigerator, Washer)
Heat Source Natural Gas
Exterior
Utilities Available Underground Utilities
Roof Type Asphalt
Parking Type 4(+)Car Parking
Building
Lot Description Near Train, Corner Lot
Story 2
Sewer Public Sewer
Water Public
Others
Senior Community no
Tax ID 2000075000000005
Ownership Fee Simple
Energy Description Natural Gas
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
