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132 E 6Th St

Plainfield City, NJ 07060
  • $795,000
  • STATUS: Active Under Contract
  • ON SITE: 268 Days
  • MLS #: 3855976
Under Contract
$795,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,999
    SQFT
  • $80
    $/SQFT
Type:
Commercial
Built:
1885
County:

School Ratings & Info

Description

This commercial residential investment property is strategically positioned in a fantastic location, offering 5 units with gross income of $82,800 and upside potential. Property holds an active green card and fully occupied, the property is a reliable and lucrative income generator.One of its remarkable features is the inclusion of garage parking, providing convenience for tenants and enhancing the property's overall appeal. Additionally, ample space is available to accommodate multiple cars, ensuring that parking needs are well-catered to. The property's prime location offers easy access to the train station, (7 blocks to train station) further enhancing its attractiveness to potential tenants. With seamless transportation options, tenants can enjoy the convenience of commuting to various destinations with ease. Considering all these favorable attributes, this commercial residential investment property presents an exceptional opportunity for investors seeking a promising venture with a strong cash flow and significant growth potential. Don't miss the chance to capitalize on this outstanding investment prospect. Plainfield has not Rent control.

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than eXp Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-04-18T12:23:44.723.
www.williamhagangroup.com/homes/141774735
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132 E 6Th St Plainfield City, NJ 07060

  • Price: $795,000
  • Status: Active Under Contract
  • On Site: 268 Days
  • MLS #: 3855976
0
Beds
0
Baths
0
½ Baths
N/A
Acres
9,999
SQFT
$80
$/SQFT
1885
Built
County:
Union
Area:
Plainfield City
Property Description
This commercial residential investment property is strategically positioned in a fantastic location, offering 5 units with gross income of $82,800 and upside potential. Property holds an active green card and fully occupied, the property is a reliable and lucrative income generator.One of its remarkable features is the inclusion of garage parking, providing convenience for tenants and enhancing the property's overall appeal. Additionally, ample space is available to accommodate multiple cars, ensuring that parking needs are well-catered to. The property's prime location offers easy access to the train station, (7 blocks to train station) further enhancing its attractiveness to potential tenants. With seamless transportation options, tenants can enjoy the convenience of commuting to various destinations with ease. Considering all these favorable attributes, this commercial residential investment property presents an exceptional opportunity for investors seeking a promising venture with a strong cash flow and significant growth potential. Don't miss the chance to capitalize on this outstanding investment prospect. Plainfield has not Rent control.
Exterior Features

Approximate Lot Size 64.6X139.39 IRR Construction Brick/Block Exterior Description Brick/Block Location CornerResidential Area Lot Description Corner Number Of Bays 0 Number Of Docks 0 Parking Driveway Description 2 Car WidthBlacktopDriveway-SharedParking Lot-Exclusive Roof Description Composition Shingle

Interior Features

Basement Yes Basement Description Bilco-Style DoorFullUnfinishedWalkout Cooling Window A/C(s) Equipment Available AppliancesFire Alarm Floors CarpetingLaminateVinyl-Linoleum Heating 1 UnitRadiators - Steam Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 5 Office Sq Ft 0

Property Features

Building Number 132 Expenses Include Gas/OilInsuranceMaintenance - ExteriorMaintenance - InteriorTaxesTrashWater/Sewer For Sale Or Lease For Sale Fuel Type Gas-Natural Gross Operating Income 82800 Net Operating Income 59937 Permitted Use Residential Primary Property Type Apartment Complex Property Type Apartment Complex Sale Includes Building & Land Sewer Public Sewer Suite Number 0 Tax Amount 9051 Tax Rate Amount 8.459 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 22463 Utilities ElectricGas-Natural Utilities Paid By Other Water Public Water Year Built Description Approximate Zoning Residential

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of C-21 PREFERRED REALTY, INC: 908-688-3311.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than eXp Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-04-18T12:23:44.723.
 
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eXp Realty
910 1st Ave
Asbury Park NJ, 07712