317-319 Richmond Street, Plainfield, NJ

$1,590,000

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10

Beds

8

Baths

5,183

Square feet

0.07

Acres

About 317-319 Richmond Street

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 $5,000 per month. $500 CAM every month. Triple Net property. 13% cap rate.

Features of 317-319 Richmond Street

MLS® # 22418132
Price $1,590,000
Bedrooms 10
Bathrooms 8.00
Full Baths 5
Half Baths 3
Square Footage 5,183
Acres 0.07
Type Multi-Family
Sub-Type Four Family
Status Active

Community Information

Address 317-319 Richmond Street
Area Plainfield (PLF)
Subdivision None
City Plainfield
County Union
State NJ
Zip Code 07060

Amenities

Parking On Street, Direct Access, Heated Garage, Oversized, Workshop in Garage
# of Garages 2
Garages Attached, Direct Entry, Heated, Oversized, Workshop, Other - See Remarks
Is Waterfront No
Has Pool No

Interior

Heating See Remarks
Cooling Multi Units
Fireplace No

Additional Information

Short Sale No
RE / Bank Owned No

Listing Details

AgentMarc Sorrentino
OfficeVRI Homes

Listing Map

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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth County Association of REALTORS®, and is updated as of February 7th, 2025 at 10:15am EST (date/time). 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.