211 W 3rd Street

    Plainfield, NJ 07060
    • $560,000
    • STATUS: Active
    • ON SITE: 5 days
    • MLS #: 22011184
    New On Site 5 Days Ago
    $560,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    Income producing property. Cash cow! 7 apartments that are all undervalued and can produce substantially more rent. All tenants pay their own utilities. Total monthly rent is $5,425 per month or $65,100 per year. There are four 2/1 and 3 1/1. Unit 1 leases for: $1,200 per monthUnit 2 leases for: $550 per monthUnit 3 leases for: $900 per monthUnit 4 leases for: $900 per monthUnit 5 leases for: $540 per monthUnit 6 leases for $785 per monthUnit 7 leases for $550 per monthAll 2/1 should be leasing for $1,200 per month-$4,800 per monthAll 1/1 should be leasing for $950 per month-$2,850 per monthPotential gross income is $7,650 per month or $91,800 per year. Property has the potential to be a cash cow!

    Monthly Payment Calculator



    © 2020 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Vendrell Home Selling Team. Data last updated 2020-03-29T00:19:04.913.
    www.vendrellrealestate.com/homes/104404305

    211 W 3rd Street Plainfield, NJ 07060

    • Price: $560,000
    • Status: Active
    • MLS #: 22011184
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1925
    Built
    Neighborhood:
    None
    County:
    Union
    Area:
    Plainfield (PLF)
    Property Description
    Income producing property. Cash cow! 7 apartments that are all undervalued and can produce substantially more rent. All tenants pay their own utilities. Total monthly rent is $5,425 per month or $65,100 per year. There are four 2/1 and 3 1/1. Unit 1 leases for: $1,200 per monthUnit 2 leases for: $550 per monthUnit 3 leases for: $900 per monthUnit 4 leases for: $900 per monthUnit 5 leases for: $540 per monthUnit 6 leases for $785 per monthUnit 7 leases for $550 per monthAll 2/1 should be leasing for $1,200 per month-$4,800 per monthAll 1/1 should be leasing for $950 per month-$2,850 per monthPotential gross income is $7,650 per month or $91,800 per year. Property has the potential to be a cash cow!
    Exterior Features

    Garage No Lot Dimensions 76.88 X 95.2 Pool YN No Water View No Waterfront No

    Interior Features

    Basement Other - See Remarks Basement YN Yes Heat AC Forced Hot Air Heat Fuel Natural Gas Water Heater Natural Gas

    Property Features

    Assessment Land 50400.00 Assessment Status Assessed Assessment Total 125000.00 Deed Restrictions No Improvements Assessment 74600.00 Multifamily Type Six Family Owner Corporate Tax Year 2019 Taxes 10451.00 Water Sewer Public SewerPublic Water

    Listing information © 2020 Monmouth-Ocean MLS. Listing provided courtesy of Marc A Sorrentino of Vri Homes.


    © 2020 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Vendrell Home Selling Team. Data last updated 2020-03-29T00:19:04.913.
     
    Vendrell Home Selling Team
    966 Shoppes Blvd.
    North Brunswick NJ, 08892