Listing Courtesy of: 732-348-3777 - DAVID GUIRGUESS - REALTY ONE GROUP CENTRAL
732-348-3777
$1,099,998
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1101 E 2ND ST Unit N/A Plainfield, NJ 07062
General Commercial
Residence
Beds
6
Baths
4,512
Sq. Ft.
0.15
Acre
Lot
Property Activity
Time on Site
days
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Just reduced. Cap rate is over 8.5%. All units are rented. Current rent roll is is approximately $12k per month. This property includes 2 residential units each consisting of 3 bdrm/1 bathroom apartments. An operating hair salon, smoke shop, biker's club, and a construction contractor's office. E...njoy the revenues with little or nor work as almost everything has been renovated. New HVAC system, new roof, boiler. Each unit as separate utilities. 3 units have brand new Central A/C. A dedicated 5 car parking lot is in the rear of the building. On-street parking is also available. The roof was replaced in 2021, so less than 3 years old. All retail/residential units were all renovated recently and so this is as turnkey as they come. Lots of storage in this building as there are several basements. The construction contractor's office is owned by the seller, so they can move if you would like to occupy this retail space or they can sign a lease agreement. Yearly gross income - $136k, Expenses - $42k, Net operating income = 94k
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MLS#
3886503
Property Type
General Commercial
Bathrooms
2 Full/4 Half
Year Built
1935
Square Feet
4,512
sq. ft
Lot Size
0.15
Sewer
Public Sewer
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