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 |
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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 |
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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 |
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# of Garages | 2 |
Garages | Attached, Direct Entry, Heated, Oversized, Workshop, Other - See Remarks |
Is Waterfront | No |
Has Pool | No |
Interior
Heating | See Remarks |
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Cooling | Multi Units |
Fireplace | No |
Additional Information
Short Sale | No |
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RE / Bank Owned | No |
Listing Details
Agent | Marc Sorrentino |
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Office | VRI Homes |