132 E 6Th St
Plainfield City, NJ, 07060 $ 795,000
Baths0.5 Monthly Estimate*
$ 5,284
Studio Commercial Property for sale in Plainfield City, NJ
for $795,000 with 5 half baths. This building was built in 1885.
This commercial residential investment property is strategically positioned in a fantastic location, offering 5 units with gross income of $82,800 and upside potential. Property holds an active green card and fully occupied, the property is a reliable and lucrative income generator.One of its remarkable features is the inclusion of garage parking, providing convenience for tenants and enhancing the property's overall appeal. Additionally, ample space is available to accommodate multiple cars, ensuring that parking needs are well-catered to. The property's prime location offers easy access to the train station, (7 blocks to train station) further enhancing its attractiveness to potential tenants. With seamless transportation options, tenants can enjoy the convenience of commuting to various destinations with ease. Considering all these favorable attributes, this commercial residential investment property presents an exceptional opportunity for investors seeking a promising venture with a strong cash flow and significant growth potential. Don't miss the chance to capitalize on this outstanding investment prospect. Plainfield has not Rent control.
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FeaturesGeneralSewer Public Sewer
Construction Brick/Block
Heating 1 Unit Radiators - Steam
Cooling Window A/C(s)
Utilities Electric Gas-Natural
Possession At Closing
Roof Composition Shingle
Zoning Residential
Garage Spaces 6
Year Built 1885
Township Plainfield City
Property Type Apartment Complex Apartment Complex
Tax Year 2022
Percent Ownership Fee Simple
Location Corner Residential Area
Lease Information 1 Year Minimum
Gross Income 82800
County Union
Net Operating Income 59937
Operating Expense 22463
Status Under Contract
Directions Corner of E 6th St and Cleveland
Total Units 5
Street Name E 6Th St
Tax Annual Amount 9051
Drive 2 Car Width Blacktop Driveway-Shared Parking Lot-Exclusive
Leasable Area 0
Days on Market 23
Standard Status Under Contract
Tax Assessed Value 107000
Town # 2912
Tax Lot 6
Farm Assessment No
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InteriorBasement Bilco-Style Door Full Unfinished Walkout
Flooring Carpeting Laminate Vinyl-Linoleum
Fuel Type Gas-Natural
Total Stories 3
Half Baths 5
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ExteriorLot Features Corner
Water Source Public Water
Exterior Description Brick/Block
Building Area Total 9999
Lot Dimensions 64.6X139.39 IRR
Lot Size Acres 0.00
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* Excluded FeaturesList ByMARIA DELTA MANESListing Agent
C-21 Preferred Realty, IncBroker
Affordability Calculator
- Monthly Principal & Interest
- $5,284
- Monthly Property Taxes
- $754
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
7/25/2023 | $795,000 | | Listed Price |