$829,900
For Sale
Browse 45 photos
Type:Multi-Family
Structure:3 Family
Zone:Residential

Description

First Time Available in the Unique Historic Area of North Plainfield, Three Unit Multifamily Home. Owner Could Live in One and Rent Two Units or Rent all Three. Quiet Stable Neighborhood with Mixed Single and Multifamily Units. Square Footage of Units As Per Tax Records (5,128). Actual Rent and Net Operating Income Estimated as Previously Were Owner Occupied. In Documents, you will find Three Years of Expenses for the Building. These are directly off the Owner's tax returns for 2021, 2022 and 2023. The owner of the Property lived in the upstairs apartment so there was no rental history. Please note that this is a large 3-bedroom apartment. The one current tenant is month to month (coming off a 1-year lease in the last 60 days). The current rent of $1,500 per month is very low. The other apartment is vacant. We purposely left it vacant so that the Buyer could pick his own tenant and set his own rental rate. Please note additionally that there is a two-car garage which could be included or not included for a higher rental rate.

  • Property Details
      • Parking FeaturesBlacktop, Driveway-Shared, Hard Surface, Off-Street Parking, On-Street Parking
      • ParkingAttached Garage, Finished Garage, On Site
      • Utility FeaturesElectric, Gas In Street, See Remarks
      • Heating SourceElectric, Gas-Natural
      • Heating3 Units, See Remarks
      • ServicesCable TV Available
      • InteriorFire Extinguisher
      • Exterior MaterialsSee Remarks, Wood
      • SubdivisionHistoric District
      • RoofAsphalt Shingle
      • Property TypeMulti-Family
      • Sewer InformationPublic Sewer
      • WaterPublic Water
      • Exterior FeaturesSee Remarks
      • Elementary SchoolN PLAINFLD
      • Middle SchoolN PLAINFLD
      • High SchoolN PLAINFLD
      • Parking TypeDriveway
      • MLS #3935929
      • MLS #3935929
      • Cost829900
      • Basement DescriptionSlab
      • Year Built1890
      • Water HeaterGas
      • Property SubtypeMUL
      • Bedrooms7
      • Parking Spaces3
      • Structure Type3

Location

Stephen CamposReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00