88-90 River Street, Red Bank, NJ 07701

Located in the West Side of RB, this ''custom home quality'' duplex incl 2 homes ea w/1850 sq ft, 3 brms, lrg kitchen/GR, 2.5 baths & designer finishes. Direct access gar w/epoxy coated flrs, prof landscaped, sod & irrigation w/fencing & paver accents. Highly energy efficient, the seller is prepared to sell the bldg pre-leased w/min $3500/mo leases $7,000 gross mo income or $84,000 annual. Tenants pay util. Owner pays taxes, ins. & landscaping. Projected net income $56-60,000 /yr. New high-quality invest. prop are a rarity. Great opp to own a low maintenance asset in an appreciating market area, valued such that the bldg will generate an attractive ROI & cash on cash return. Owner can occupy 1 duplex & lease the other & effectively subsidize a mortgage equal to 70% of purchase price.