317 Richmond St
Plainfield City, NJ 07060
Price: $1,590,000
GSMLS: 3941348Type: Multi-Family
Style: 2-Two Story, 3-Three Story
Total Units: 4
Beds: 10
Baths: 4 Full
Garage: No
Year Built: 1955
Acres: 0.00
Property Tax: $11,448
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.
General Info
Style:
2-Two Story, 3-Three Story
SqFt Building:
n/a
Total Rooms:
18
Basement:
Yes - Unfinished
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Brick
Lot Size:
29X100 IRR
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Utilities:
Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Utilities:
Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 3
Bedrooms:
2
Bathrooms:
1
Total Rooms:
6
Room Description:
Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Utilities:
Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 4
Bedrooms:
2
Bathrooms:
1
Total Rooms:
6
Room Description:
Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Utilities:
Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Utilities
Heating:
Forced Hot Air
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
All Underground
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Union
Town:
Plainfield City
Neighborhood:
n/a
Financial Considerations
List Price:
$1,590,000
Tax Amount:
$11,448
Land Assessment:
$28,700
Build. Assessment:
$98,000
Total Assessment:
$126,700
Tax Rate:
8.73
Tax Year:
2024
Listing Information
MLS ID:
3941348
List Date:
01-14-2025
Days On Market:
6
Listing Broker:
VRI HOMES
Listing Agent:
Lawrence Vecchio
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
