$749,900
For Sale
Browse 16 photos
Type:Multi-Family
Structure:3 Family
Zone:Residential

Description

LA related to seller. 3 Family. Gut rehab in 2016 including including new electric. 2 car detached garage plus driveway for off street parking.1 block from the largest employer in Passaic County, St. Joseph's hospital. All separate utilities including separate Owner electric meter. Owner pays water and sewer for building. Apt #1: LR, EIK, 3BR, 2bth. Currently vacant. Market rent in area $2600. Apt #2: LR, EIK, 3BR, 2bth. Market rent in area is $2600. Apt #3: LR, EIK, 2BR, 1bth. Have not raised $1200 rent since original move in. Market rent $1900, Buyer can give notice to vacate if Owner wishes to occupy. Operating expenses include maintenance, common area electric, cold water, sewer, insurance, garbage collection, taxes. With market rents, including garage parking, gross potential rents would be $87,600. Potential net income, with market rents $73,114 and a cap rate of 9.76%. Photos are of the two vacant units.

  • Interior Details
      • InteriorCarbon Monoxide Detector, Fire Extinguisher
    • Heating & Cooling
      • Heating3 Units, Forced Hot Air, Radiators - Steam
      • Heating SourceGas-Natural
    • Beds & Baths
      • Bedrooms8
  • Property Details
      • Exterior FeaturesCurbs, Sidewalk
      • Exterior MaterialsAluminum Siding
    • Parking
      • ParkingDetached Garage
      • Parking Features2 Car Width
      • Parking Spaces2
  • Construction Details
      • Property TypeMulti-Family
      • Basement DescriptionFull
      • BasementYes
    • Condition
      • Year Built1920
    • Material information
      • RoofAsphalt Shingle
  • Utilities / Energy Details
      • ServicesCable TV Available, Garbage Included
      • Utility FeaturesElectric, Gas-Natural
      • Sewer InformationPublic Sewer
      • WaterPublic Water
      • Water HeaterGas
  • Other
      • MLS #3923073

Location

Lisette CintronReal 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