$450,000
Sold

211 W 3rd Street

Plainfield, NJ 07060
Type:Multi-Family
Structure:5+ Family
Zone:Residential

Description

Income producing property. Cash cow! 7 apartments that are all undervalued and can produce substantially more rent. All tenants pay their own utilities.
Total monthly rent is $5,425 per month or $65,100 per year.
There are four 2/1 and 3 1/1.
Unit 1 leases for: $1,200 per month
Unit 2 leases for: $550 per month
Unit 3 leases for: $900 per month
Unit 4 leases for: $900 per month
Unit 5 leases for: $540 per month
Unit 6 leases for $785 per month
Unit 7 leases for $550 per month
All 2/1 should be leasing for $1,200 per month-$4,800 per month
All 1/1 should be leasing for $950 per month-$2,850 per month
Potential gross income is $7,650 per month or $91,800 per year.
Property has the potential to be a cash cow!

Location

Cindy RaghunandanReal Estate Group