$1,200,000
$1,395,000
14.0%For more information regarding the value of a property, please contact us for a free consultation.
10 Beds
8 Baths
5,183 SqFt
SOLD DATE : 05/22/2025
Key Details
Sold Price $1,200,000
Property Type Multi-Family
Sub Type Four Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,183 sqft
Price per Sqft $231
Municipality Plainfield (PLF)
MLS Listing ID 22418132
Sold Date 05/22/25
Bedrooms 10
Full Baths 5
Half Baths 3
Annual Tax Amount $11,255
Tax Year 2023
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 29 x 100
Property Sub-Type Four Family
Source MOREMLS (Monmouth Ocean Regional REALTORS®)
Property Description
Cash cow and cash flow positive investment property located in Plainfield, NJ. Four apartments and 1 commercial space. Three of the apartments have been totally renovated within the last two months.
Apartment 1 is two bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas.
Apartment 2 is two bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas.
Apartment 3 is thre bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas.
Apartment 4 is three bedrooms and one full bathroom. Occupied. $2,200 per month. Tenant pays electric and gas.
Garage has two bays and is leased for $5,000 per month. $500 CAM every month.
Triple Net property. 13% cap rate.
Location
State NJ
County Union
Area None
Direction 317 Richmond Street, Plainfield, NJ Property is on corner. Multiple buildings on single block and lot. See photos.
Rooms
Basement Other, Full
Interior
Heating See Remarks
Cooling Multi Units
Exterior
Parking Features Heated Garage, Direct Access, On Street, Oversized, Workshop in Garage
Garage Spaces 2.0
Garage Yes
Private Pool No
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 12-00304-0000-00013
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Bought with Blue Key Realty, LLC
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