NJ > Plainfield City
Plainfield City, NJ 07062,1101 E 2Nd St
Plainfield City, NJ 07062,1101 E 2Nd St
Plainfield City, NJ 07062,1101 E 2Nd St
Plainfield City, NJ 07062,1101 E 2Nd St
Plainfield City, NJ 07062,1101 E 2Nd St
Plainfield City, NJ 07062,1101 E 2Nd St
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Jan-Michael McClintic

Jan-Michael McClintic

+1(908) 279-0593
$ 1,099,998
Est. payment | /mo

4,512 SqFt

Save
$ 1,099,998
Est. payment | /mo
Save

4,512 SqFt

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,512 sqft

Price per Sqft $243

MLS Listing ID 3886503

Year Built 1935

Annual Tax Amount $14,698

Tax Year 2023

Lot Size 6,534 Sqft

Property Description

Just reduced. Cap rate is over 8.5%. All units are rented. Current rent roll is is approximately $12k per month. This property includes 2 residential units each consisting of 3 bdrm/1 bathroom apartments. An operating hair salon, smoke shop, biker's club, and a construction contractor's office. Enjoy the revenues with little or nor work as almost everything has been renovated. New HVAC system, new roof, boiler. Each unit as separate utilities. 3 units have brand new Central A/C. A dedicated 5 car parking lot is in the rear of the building. On-street parking is also available. The roof was replaced in 2021, so less than 3 years old. All retail/residential units were all renovated recently and so this is as turnkey as they come. Lots of storage in this building as there are several basements. The construction contractor's office is owned by the seller, so they can move if you would like to occupy this retail space or they can sign a lease agreement. Yearly gross income - $136k, Expenses - $42k, Net operating income = 94k

Location

State NJ

County Union

Zoning Commercial

Rooms

Basement Bilco-Style Door, Full, Walkout

Interior

Heating Gas-Natural

Cooling 3 Units

Flooring Tile, Wood

Equipment Appliances

Heat Source Gas-Natural

Exterior

Exterior Feature Brick/Block, Vinyl Siding

Utilities Available Electric, Gas-Natural

Roof Type Flat

Parking Type Off-Street Parking, On-Street Parking, Parking Lot-Exclusive

Building

Story 2

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by REALTY ONE GROUP CENTRAL
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+1(908) 279-0593

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165 Passaic Ave, Fairfield, NJ, 07004, USA

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1101 E 2Nd St