Description
Great, well kept, fully rented building showing true "pride of ownership" over the years. There are a total of 12 units. 7-one bedroom, 3-two bedroom, and 2 storefronts.All tenants are up to date with rent. Owner pays heat, hot water, sewer, taxes, insurance. Tenants pay their electric. Gross operating income $164,000. Gross operating expenses $60,000, Net operating income $104,000. Yearly state inspection is up-to-date. Store front leases can be terminated after 60 days upon new owners request as per their lease. Close proximity to schools, shopping, churches, highways, and mass transit.
Location
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$2,200,000
4,590 Sq ft
CONTRACT
MLS# 2304811R
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Copyright © 2022 Garden State Multiple Listing Service, L.L.C. All rights reserved. Updated: 8th June, 2023 5:48 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: 8th June, 2023 5:48 AM (UTC)
Listing Office: REALTY ONE GROUP LEGEND
