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317-319 Richmond Street
Plainfield NJ 07060 US

$1,590,000

Pending Listing ID 22418132
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10 bed
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8.00 Bath (5 Full , 3 Half)
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Lot: 0.07 Acres
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Other

$1,590,000

Pending Listing ID 22418132
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317-319 Richmond Street Cash cow and cash flow positive investment property located in Plainfield, NJ. Four apartments and 1 commercial space. Three of the apartments have been totally renovated within the last two months. Apartment 1 is two bedrooms and one full bathroom. Occupied. $2, 000 per month. Tenant pays electric and gas. Apartment 2 is two bedrooms and one full bathroom. Occupied. $2, 000 per month. Tenant pays electric and gas. Apartment 3 is thre bedrooms and one full bathroom. Occupied. $2, 000 per month. Tenant pays electric and gas. Apartment 4 is three bedrooms and one full bathroom. Occupied. $2, 200 per month. Tenant pays electric and gas. Garage has two bays and is leased for $6, 000 per month. $2, 700 CAM every quarter. Triple Net property. 12% cap rate.

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Property Features

  • Facts
  • Lot Size: 0.07 Acres
  • Property Type: Other
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 5
  • 1/2 Bathrooms: 3

Property

  • propertytype: Other
  • propertysubtype: Other
  • listprice: 1590000
  • unparsedaddress: 317-319 Richmond Street
  • postalcity: Plainfield
  • stateorprovince: NJ
  • country: US
  • postalcode: 07060
  • bathroomsfull: 5
  • bathroomshalf: 3
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.07
  • lotsizeunits: Acres
  • lotsizearea: 0.07
  • livingarea: 5183
  • livingareaunits: Square Feet
  • latitude: 40.622944
  • longitude: -74.415052
  • listagentfullname: Marc A Sorrentino
  • listagentemail: marcsorrentino@gmail.com
  • listagentkey: 3yd-MOMLSNJ-41111
  • listagentmlsid: 41111
  • listagentpreferredphone: 8005312885x103
  • listagentofficephone: 8005312885x103
  • listofficekey: 3yd-MOMLSNJ-138
  • listofficemlsid: 138
  • disclaimer: Copyright © 2024 Monmouth Ocean Regional Realtors and Monmouth Ocean Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MOMLSNJ
  • listingcontractdate: 2024-06-27
  • listagenturl: http://www.betterhomes.com
  • countyorparish: Union
  • parcelnumber: 12-00304-0000-00013
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • parkingfeatures: Garage, Heated, On Street, Oversized, Workshop
  • waterfrontyn: False
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -74.415054, 40.622944
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Better Homes Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"larry@bhnj.com", "ListBrokerageCity":"Hazlet", "ListBrokerageCountry":"US", "ListBrokerageEmail":"njhomes@mindspring.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MOMLSNJ/b4867c01ac2711e18c971231381711c1/20120619015711348.png", "ListBrokerageName":"Better Homes Realty", "ListBrokeragePhone":"800-531-2885 ext. 103", "ListBrokeragePostalCode":"07730", "ListBrokerageStateOrProvince":"NJ", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"3400 Hwy 35", "ListBrokerageWebsiteUrl":"http://www.betterhomes.com", "ListOfficeAddress1":"55 West Front Street", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"1543", "ListOfficeCity":"Keyport", "ListOfficeCountry":"US", "ListOfficeEmail":"larry@betterhomesus.com", "ListOfficePostalCode":"07735", "ListOfficeStateOrProvince":"NJ", "ListPriceCurrencyType":"USD", "ListingTitle":"Four Family - Plainfield, NJ", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/317-319-Richmond-St_Plainfield_NJ_07060_M92055-01530?f=listhub&s=MOMLSNJ&m=22418132&c=rexren", "MLSModificationTimestamp":"2024-10-31T13:20:44Z", "Neighborhoods":[{"Description":null, "Name":"Plainfield (PLF)"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":11255, "TaxDescription":null, "TaxYear":"2023"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/8/2024 8:20:15 AM GMT
Source Updated Date: 11/21/2024 7:02:54 AM GMT

Courtesy of: Marc A Sorrentino, VRI Homes, marcsorrentino@gmail.com

Copyright © 2024 Monmouth Ocean Regional Realtors and Monmouth Ocean Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.