$624,999
For Sale

425 John St Unit 3

Plainfield City, NJ 07060
Browse 26 photos
Type:Multi-Family
Structure:3 Family
Zone:Residential

Description

**LOW TAXES AND HIGH INCOME** **Property is a legal two family with a bonus attic space being rented out** Semi attached to another two family, which is 427 John St. Both have separate deeds, combined both for $1,200,000. New 2023 remolded Updated Section 8 Multi Family Rental Property. Great ROI for investors portfolio to receive monthly guaranteed Passive Income. Section 8 Tenants pay their own utilities electric, Gas and even water. Camera Security System installed. 1 New Furnaces, 2 new Hot Water Heaters, New Kitchen Cabinets, Sink, Faucet, Fridge, Stove. New Gray Laminated Floors, New Windows, New Doors and Locks, New Paint, New Bathrooms, New Carpet, New Light Fixtures etc. RentsSection 8: 1st floor 2-Bedroom 1 Bathroom $1,926 a Month Standard Condition but Newly Remodel Cabinets, Sink and repaired plumbing.Section 8: 2nd floor 3-Bedroom 1 Bathroom $2,600 a Month. Newly Renovated Attic ApartmentRoom rental is vacant but can be rented at $1700 a month. Total rent role will be $6,000 a month once upstairs is rented $72,00 a year NET! If sold with 497 John street as a package $1.2 million in total **property being sold as-is** **pictures are old pictures taken after renovation prior to the tenants moving in**

  • Property Details
      • InteriorCarbon Monoxide Detector, Fire Extinguisher, Marble Floors, Security System, Smoke Detector, Vinyl-Linoleum Floors
      • Heating2 Units, Baseboard - Cast Iron, Baseboard - Electric, Multi-Zone
      • Exterior FeaturesOpen Porch(es), Sidewalk
      • Heating SourceElectric, Gas-Natural
      • Utility FeaturesElectric, Gas-Natural
      • Parking FeaturesOn-Street Parking
      • Basement DescriptionFull, Unfinished
      • ServicesGarbage Included
      • RoofAsphalt Shingle
      • Exterior MaterialsVinyl Siding
      • Property TypeMulti-Family
      • Sewer InformationPublic Sewer
      • WaterPublic Water
      • MLS #3946655
      • MLS #3946655
      • Cost624999
      • Year Built1931
      • BasementYes
      • Water HeaterGas
      • Property SubtypeMUL
      • Bedrooms6
      • Structure Type3

Location

Julio GallardoReal Estate Group

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