317 Richmond St Active

Plainfield City,NJ 07060

$ 1590000

8 Beds

4 Baths

5600 SqFt


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

Parking Type None

Building

Water Public Water

Architectural Style 2-Two Story, See Remarks

Others

Senior Community No

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