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2219 Park Avenue

SOUTH PLAINFIELD, NJ 07080
  • $850,000
  • STATUS: Pending
  • ON SITE: 43 Days
  • ID#: NJMX2006058
Pending
$850,000
  • 0
    BEDS
  • 0.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1970
County:

School Ratings & Info

School District:

Description

INVESTORS: This five-unit, mixed residential / commercial building has a cap-rate of 6.8%, bringing in a gross rent of $7,100 a month (although this can be increased if the residential units are updated and the back detached properties designation changes). The entire unit is currently rented to a barber shop for $1,775 and a waxing studio for $850. The upstairs apartments are both two bed, one baths rented for $1,525 and $1,425. In the rear is an additional detached property that is currently used as a residential unit but can be converted into a commercial space (medical is approved zoning) for $1,525. All units have their own boilers and pay for their own utilities. The properties have 21-23 parking spots and are right on the corner of a major junction, so have plenty of curbside visibility. Total gross rent is $85,200 and expenses are $26,836. Included in expenses are the following: Professionals Fees ( Fire Alarm Inspection & Monitoring)

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or New Home Team of Maryland | RE/MAX Distinctive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-27T23:53:22.15.
www.newhometeammd.com/homes/146650002
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2219 Park Avenue SOUTH PLAINFIELD, NJ 07080

  • Price: $850,000
  • Status: Pending
  • On Site: 43 Days
  • ID#: NJMX2006058
0
Beds
0
Baths
0
½ Baths
0.37
Acres
1970
Built
Neighborhood:
South Plainfield Boro (21222)
County:
Middlesex
Area:
South Plainfield Boro (21222)
School District:
South Plainfield Schools
Property Description
INVESTORS: This five-unit, mixed residential / commercial building has a cap-rate of 6.8%, bringing in a gross rent of $7,100 a month (although this can be increased if the residential units are updated and the back detached properties designation changes). The entire unit is currently rented to a barber shop for $1,775 and a waxing studio for $850. The upstairs apartments are both two bed, one baths rented for $1,525 and $1,425. In the rear is an additional detached property that is currently used as a residential unit but can be converted into a commercial space (medical is approved zoning) for $1,525. All units have their own boilers and pay for their own utilities. The properties have 21-23 parking spots and are right on the corner of a major junction, so have plenty of curbside visibility. Total gross rent is $85,200 and expenses are $26,836. Included in expenses are the following: Professionals Fees ( Fire Alarm Inspection & Monitoring)
Exterior Features

Construction Materials Block Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4500.00 Cooling Central A/C Exclusions All commercial & residential personal property. Heating Forced Air Heating YN Yes Net Square Feet 4050.00

Property Features

Acceptable Financing CashConventional Accessibility Features None Assessment Year 2022 Business Type Hair Salon and Spa Central Air YN Yes Cooling Fuel Electric Gross Income 85200.00 Heating Fuel Natural Gas Hot Water Natural Gas Municipality SOUTH PLAINFIELD BORO Navigable Water YN N New Construction YN No Number Of Units Total 0 Operating Expense 26836.00 Operating Expense Includes InsuranceWaterSewerTrash Original MLSNumber 802800279814 Owner Pays Taxes - Real Estate Ownership Interest Fee Simple Possession Immediate Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 14838.00 Tax Assessment Amount 225000.00 Tax Lot 00002 Vacation Rental YN No Water Source Public Zoning OBC1

Listing courtesy of BHHS Fox & Roach - Princeton: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or New Home Team of Maryland | RE/MAX Distinctive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-27T23:53:22.15.
 
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