For Sale, USD 850,000
2219 Park Avenue, South Plainfield NJ 07080, South Plainfield, New Jersey, United States
Property Type : Commercial
Property Style : N/A
Build Size : 4,500 ft² / 418 m²
Land Size : N/A
Bedroom : 0
Bathroom : 0
Half Bathroom : 0
MLS#: N/A
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)
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2219 Park Avenue, South Plainfield NJ 07080, United States,New Jersey,South Plainfield is a 4,500ft² South Plainfield luxury Commercial listed for sale USD 850,000. This high end South Plainfield Commercial is comprised of 0 bedrooms and 0 baths. Find more luxury properties in South Plainfield or search for luxury properties for sale in South Plainfield.