Ignite FB Tracking Pixel1101 E 2nd St N/a, Plainfield City, NJ 07062 - KERRIN SEARS
Prominent Properties Sotheby's International Realty
KERRIN SEARS, Prominent Properties Sotheby's International Realty Phone: (860) 539-3402
Email: [email protected]

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listing
1 of 17
CommercialFor Sale
$1,099,998
1101 E 2Nd St N/a
Plainfield City, NJ 07062
Courtesy of Realty One Group Central
MLS: Garden State MLS
4,512Sq Ft
Est. Mortgage
$5,778/mo

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. Enjoy 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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