$930,000
$1,100,000
15.5%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 06/22/2023
Key Details
Sold Price $930,000
Property Type Commercial
Sub Type 5+Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 23004898
Sold Date 06/22/23
Style 5+Family
Annual Tax Amount $11,361
Property Description
6 family.3 Blocks Bayonne Medical Center,5 blocks 22nd St Light Rail Station. Gross yearly income: $83,760. Gross expenses approx $24,361:Taxes: $11,361,Insurance:$4,400, Water & Sewer:$1,850, Heat, hot water & common hall electric:$4,950,Super $1,200 & cleaning $600. Net income $59,399. Trash picked up by City. Cap rate approx 5.5%. 5 Market rent units (3 x $1300, 1 x $1250), 1 rent control at $530 per month also is Superintendent).Each unit has 1 bedroom, Liv rm, Kitchen & Bath,front and rear exit. Month to month tenancies.No laundry,1 unit with a cat- no other pets. Full unfinished basement,Super has light basement storage. 6 separate Gas & Electric meters. 2 units vacant, updates include: 1 Gas Boiler for steam radiator heat replaced Feb 2019, & hot water replaced Feb 2022,tank removed 2013, Vinyl Siding July 2021, Replaced exterior rear stairs October 2015, Roof 2012, updated electric panels 2023.State inspected August 2018.Officer of corporation holds NJ Real Estate license.
Location
State NJ
County Hudson
Area Bayonne
Exterior
Utilities Available Gas, Munincipal Water
Roof Type Flat
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