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300 Monroe Avenue Plainfield, NJ 07063
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Key Details
Sold Price $280,000
Property Type Multi-Family
Sub Type Four Family
Listing Status Sold
Purchase Type For Sale
Municipality Plainfield (PLF)
MLS Listing ID 22011182
Sold Date 06/18/20
Bedrooms 12
Full Baths 4
Originating Board MOREMLS (Monmouth Ocean Regional REALTORS®)
Year Built 1925
Annual Tax Amount $8,110
Tax Year 2019
Lot Dimensions 40 x 91.6
Property Sub-Type Four Family
Property Description
Great investment property located in Plainfield. Mixed use property consisting of one storefront and 3 apartments. Income generating property located on corner lot. Total monthly rent roll is $3,800. However, rental income can be increased with new leases. Commercial tenant has a 5 year lease that will be expiring soon. as of 6/21. Leased for $1,000 per month and should be $2,000-$2,500.
All residential leases are yearly.
Unit 1 is a 2/1 leases for $800.00
Should be $1,200.00
Unit 2 is a 6/2 and leases for $1,200.00
Should be $1,500.00
Unit 3 is a 4/1 and leases for $800.00 per month. Should be $1,350 per month.
Property will be sold as-is.
Buyer must obtain C/O
Seller is motivated.
Location
State NJ
County Union
Area None
Direction 300 Monroe Avenue, Plainfield
Rooms
Basement Other
Interior
Heating Forced Air
Exterior
Private Pool No
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 12-00124-0000-00003
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Bought with VRI Homes