Description
5-unit brick apartment building grossing $117,600 per year in rental income (3BR $2,500, the 2 BRs are getting $2,200, $2,200, $1,450, $1,450) with expenses being minimal due to tenants pay there own heat, hot water, cooking gas and electric with only $34,900 netting $82,700. Taxes are $22,000, Water $5,500, Insurance $7,000, Electric $400. The units offer 2 bedrooms, a combined living and dining area, and a bathroom. The fifth unit features 3 bedrooms, a studio space, living and dining areas, and a bathroom. At the back of the building, there is a parking lot with 6 dedicated spots for tenants. The property is ideally located just 3 minutes from Elizabeth NJ Transit, 1 minute from Route 1&9, with Newark Airport only 7 minutes away and The Mills at Jersey Gardens just a 10-minute drive.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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3,876SQFT
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$335$/SQFT
School Ratings & Info
Description
5-unit brick apartment building grossing $117,600 per year in rental income (3BR $2,500, the 2 BRs are getting $2,200, $2,200, $1,450, $1,450) with expenses being minimal due to tenants pay there own heat, hot water, cooking gas and electric with only $34,900 netting $82,700. Taxes are $22,000, Water $5,500, Insurance $7,000, Electric $400. The units offer 2 bedrooms, a combined living and dining area, and a bathroom. The fifth unit features 3 bedrooms, a studio space, living and dining areas, and a bathroom. At the back of the building, there is a parking lot with 6 dedicated spots for tenants. The property is ideally located just 3 minutes from Elizabeth NJ Transit, 1 minute from Route 1&9, with Newark Airport only 7 minutes away and The Mills at Jersey Gardens just a 10-minute drive.
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Data last updated 2025-07-15T17:46:36.667.