317-319 Richmond St - Storefront Retail/Residential FOR SALE


Plainfield, NJ 07060
$1,590,000 USD
732-816-9178
317-319 Richmond St, Plainfield, NJ for Sale
$1,590,000 USD
Storefront Retail/Residential - FOR SALE
1/8
null | 10.72% Cap Rate

317-319 Richmond St
Plainfield, NJ 07060


HIGHLIGHTS

  • Triple Net. NOI $170K per year.
  • Well maintained. No open permits. Certificate of occupancy issued.

OVERVIEW

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 three 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.

FOR SALE DETAILS

PRICE

$1,590,000 USD

PRICE/SF

$487 USD /SF

CAP RATE

10.72%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Freestanding, Showroom, Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

Residential Mixed Use

APN/PARCEL ID

12-00304-0000-00013

ASK ABOUT THIS PROPERTY

Marc SorrentinoVri HomesMore Info
732-816-9178

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Marc SorrentinoVri HomesMore Info
732-816-9178

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.