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
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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.
Copyright © 2022 Garden State Multiple Listing Service, L.L.C. All rights reserved. Updated: 2nd June, 2023 12:48 AM (UTC)
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.
Copyright © 2022 Garden State Multiple Listing Service, L.L.C. All rights reserved. Updated: 2nd June, 2023 12:48 AM (UTC)
Listing Office: FOURTE INTERNATIONAL
