300 Monroe Avenue

Great investment property located in Plainfield. Mixed use property consisting of one storefront and 3 apartments. Income generating property located on corner lot. Total monthly rent roll is $3,800. However, rental income can be increased with new leases. Commercial tenant has a 5 year lease that will be expiring soon. as of 6/21. Leased for $1,000 per month and should be $2,000-$2,500.
All residential leases are yearly.
Unit 1 is a 2/1 leases for $800.00
Should be $1,200.00
Unit 2 is a 6/2 and leases for $1,200.00
Should be $1,500.00
Unit 3 is a 4/1 and leases for $800.00 per month. Should be $1,350 per month.
Property will be sold as-is.
Buyer must obtain C/O
Seller is motivated.