Description
Great investment property! Building features a two-bedroom second floor apartment and one large commercial space - both fully rented. Property is well maintained and has potential for long term growth. Unit 1 is sale-leaseback. Rents: Unit 1 - $3,250/mo.; Unit 2 - $1,275/mo. SQFT: Unit 1 - 1,500; Unit 2 - 750. Opportunity to increase rents to market rate. Cap rate 6.08%. Gross Annual Income: $54,300, Operating Expenses: $23,646, Net Operating Income: $30,654
-
0BEDS
-
0.2ACRES
-
0BATHS
-
01/2 BATHS
-
2,800SQFT
-
$180$/SQFT
School Ratings & Info
Description
Great investment property! Building features a two-bedroom second floor apartment and one large commercial space - both fully rented. Property is well maintained and has potential for long term growth. Unit 1 is sale-leaseback. Rents: Unit 1 - $3,250/mo.; Unit 2 - $1,275/mo. SQFT: Unit 1 - 1,500; Unit 2 - 750. Opportunity to increase rents to market rate. Cap rate 6.08%. Gross Annual Income: $54,300, Operating Expenses: $23,646, Net Operating Income: $30,654
© 2023 Garden State Multiple Listing Service, LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Christie's International Real Estate Group. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Group are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
Data last updated 2023-02-04T13:46:52.763.