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211 W 3rd Street Plainfield, NJ 07060
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Key Details
Sold Price $450,000
Property Type Multi-Family
Sub Type Six Family
Listing Status Sold
Purchase Type For Sale
Municipality Plainfield (PLF)
MLS Listing ID 22011184
Sold Date 08/05/20
Year Built 1925
Annual Tax Amount $10,451
Tax Year 2019
Lot Dimensions 76.88 x 95.2
Property Sub-Type Six Family
Source MOREMLS (Monmouth Ocean Regional REALTORS®)
Property Description
Income producing property. Cash cow! 7 apartments that are all undervalued and can produce substantially more rent. All tenants pay their own utilities.
Total monthly rent is $5,425 per month or $65,100 per year.
There are four 2/1 and 3 1/1.
Unit 1 leases for: $1,200 per month
Unit 2 leases for: $550 per month
Unit 3 leases for: $900 per month
Unit 4 leases for: $900 per month
Unit 5 leases for: $540 per month
Unit 6 leases for $785 per month
Unit 7 leases for $550 per month
All 2/1 should be leasing for $1,200 per month-$4,800 per month
All 1/1 should be leasing for $950 per month-$2,850 per month
Potential gross income is $7,650 per month or $91,800 per year.
Property has the potential to be a cash cow!
Location
State NJ
County Union
Area None
Direction 211 W. 3rd Street, Plainfield, NJ 07060
Rooms
Basement Other
Interior
Heating Forced Air
Exterior
Private Pool No
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 12-00102-0000-00001
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Bought with VRI Homes
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