Description
First Time Available in the Unique Historic Area of North Plainfield, Three Unit Multifamily Home. Owner Could Live in One and Rent Two Units or Rent all Three. Quiet Stable Neighborhood with Mixed Single and Multifamily Units. Square Footage of Units As Per Tax Records (5,128). Actual Rent and Net Operating Income Estimated as Previously Were Owner Occupied. In Documents, you will find Three Years of Expenses for the Building. These are directly off the Owner's tax returns for 2021, 2022 and 2023. The owner of the Property lived in the upstairs apartment so there was no rental history. Please note that this is a large 3-bedroom apartment. The one current tenant is month to month (coming off a 1-year lease in the last 60 days). The current rent of $1,500 per month is very low. The other apartment is vacant. We purposely left it vacant so that the Buyer could pick his own tenant and set his own rental rate. Please note additionally that there is a two-car garage which could be included or not included for a higher rental rate. This Property is in the Historic District but not in a Flood Plain.
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7BEDS
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0.36ACRES
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3BATHS
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11/2 BATHS
School Information
Description
First Time Available in the Unique Historic Area of North Plainfield, Three Unit Multifamily Home. Owner Could Live in One and Rent Two Units or Rent all Three. Quiet Stable Neighborhood with Mixed Single and Multifamily Units. Square Footage of Units As Per Tax Records (5,128). Actual Rent and Net Operating Income Estimated as Previously Were Owner Occupied. In Documents, you will find Three Years of Expenses for the Building. These are directly off the Owner's tax returns for 2021, 2022 and 2023. The owner of the Property lived in the upstairs apartment so there was no rental history. Please note that this is a large 3-bedroom apartment. The one current tenant is month to month (coming off a 1-year lease in the last 60 days). The current rent of $1,500 per month is very low. The other apartment is vacant. We purposely left it vacant so that the Buyer could pick his own tenant and set his own rental rate. Please note additionally that there is a two-car garage which could be included or not included for a higher rental rate. This Property is in the Historic District but not in a Flood Plain.
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Data last updated 2025-01-16T23:46:00.777.