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Listing #2704391 $2,840,000
33 Units (1,2,3 Bedrooms)
Property Description
33 UNITS CONSISTING OF TWO BUILDING STUCCO CONSTRUCTION, THE FAVORABLE UNIT MIX IS COMPRISED OF 17 TWO BEDROOM 6 THREE BEDROOM & 10 ONE BEDROOM APARTMENTS. THIS PROPERTY HAS ON SITE LAUNDRY & PARKING.
IT IS NOT SUBJECT TO RENT CONTROL, CURRENTLY FULLY RENTED, NEAR SHOPPING & TRANSPORTATION.
SELLER WANTS THIS SOLD.
Click Images to Enlarge.
| Income | Expenses | ||||
|---|---|---|---|---|---|
| Rent / Lease Income | $ | 272,964.00 | Real Estate Taxes | $ | 48,693.00 |
| Parking Income | $ | 0.00 | Maintenance & Repair | $ | 9,143.00 |
| Laundry Income | $ | 0.00 | Reserves for Replacements | $ | 4,950.00 |
| Late Fee Income | $ | 0.00 | Electricity | $ | 6,369.00 |
| NSF Fees | $ | 0.00 | Water & Sanitation | $ | 25,278.00 |
| Legal Fees | $ | 0.00 | Natural Gas | $ | 26,994.00 |
| Garage Income | $ | 4,050.00 | Insurance | $ | 6,930.00 |
| Management | $ | 8,189.00 | |||
| Super's Salaries | $ | 15,457.00 | |||
| Super's Apartments | $ | 0.00 | |||
| Total Income | $ | 277,014.00 | Total Expenses | $ | 152,003.00 |
© ERA Reed Realty Inc. · 963 Park Ave. · Plainfield, NJ 07060 · Phone: (908) 769-0011