Property Price
$785,000
Rooms
14
Bedrooms
0
Bathrooms
4
Tax Annual Amount
$15124
Roof (*text)
Asphalt
MLS Status
Active
MLS #
2702006R
Exceptional opportunity to own a fully occupied, legal 3-family property in the highly desirable Township of Maplewood. This income-producing property features three spacious apartments with practical layouts, offering immediate rental income and long-term investment potential. Current gross rental income is $85,800 annually, with seller-reported recurring operating expenses resulting in an estimated Net Operating Income (NOI) of approximately $60,514 and an estimated 7.71% cap rate at the $785,000 asking price. Financial information is believed to be accurate but should be independently verified by purchasers. Conveniently located just minutes from Maplewood Village, NJ Transit train and bus service, Maplecrest Park, local shopping, restaurants and major highways.
Roofing (*text)
Asphalt
Days On Market
4
CarportSpaces
0
GarageSpaces
2
Lease Term
Unit 1(Month-Month),Unit 2(Month-Month)
Lot Size Dimensions
141.00 x 40.00
Data import from
CJMLS