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Listing #2704211 $2,025,000
27 Units (Studio - 1 Bedrooms)
Property Description
THIS WELL MAINTAINED INVESTMENT IS A THREE STORY BRICK APARTMENT BUILDING LOCATED IN PLAINFIELD. THE FAVORABLE UNIT MIX IS COMPRISED OF 21 STUDIO & 6 ONE BEDROOM APARTMENTS. PROPERTY HAS ON SITE LAUNDRY & PARKING. THERE IS NO RENT CONTROL. EXCELLENT LOCATION.
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| Income | Expenses | ||||
|---|---|---|---|---|---|
| Rent / Lease Income | $ | 243,258.00 | Real Estate Taxes | $ | 50,839.00 |
| Parking Income | $ | 0.00 | Maintenance & Repair | $ | 7,481.00 |
| Laundry Income | $ | 138.00 | Reserves for Replacements | $ | 4,050.00 |
| Late Fee Income | $ | 4,108.00 | Electricity | $ | 3,317.00 |
| NSF Fees | $ | 105.00 | Water & Sanitation | $ | 11,915.00 |
| Legal Fees | $ | 2,830.00 | Natural Gas | $ | 19,494.00 |
| Garage Income | $ | 0.00 | Insurance | $ | 5,670.00 |
| Management | $ | 7,298.00 | |||
| Super's Salaries | $ | 12,647.00 | |||
| Super's Apartments | $ | 0.00 | |||
| Total Income | $ | 250,439.00 | Total Expenses | $ | 122,711.00 |
© ERA Reed Realty Inc. · 963 Park Ave. · Plainfield, NJ 07060 · Phone: (908) 769-0011