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!
Off market
$816,000
211 W 3rd St, Plainfield, NJ 07060
--beds
0baths
4,950sqft
MultiFamily
Built in 1925
-- sqft lot
$816,000 Zestimate®
$165/sqft
$2,473 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced air, Gas
Features
- Basement: Other
Interior area
- Total interior livable area: 4,950 sqft
Property
Lot
- Size: 7,318 sqft
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas
Community & neighborhood
Location
- Region: Plainfield
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- Heating: Forced Air, Natural Gas
- HeatingYN: true
- Basement: Other
- NumberOfUnitsTotal: 7.0000
- RoomBasementFeatures: Other - See Remarks
- Utilities: Natural Gas
- NumberOfUnitsInCommunity: 7.0000
- MlsStatus: Active
- CoListAgentEmail: peterdicataldo@yahoo.com
- CoListAgentFullName: Peter DiCataldo
Services availability
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$816,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$816,000