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6 Unit Apartment Building for Sale North Jersey
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Property Description |
Attention Landlords and Investors: Good condition 6 unit apartment building with long term steady tenants. Brick construction. Current landlord did many updates. Recent green card good until 2012. Good income relative to price. Cash flow can be further improved by separating the heating system. Close to schools and major transporation. Alot of new construction in the area.
Priced for a quick sale. Building is commercial and rent controlled. Strong Buyer with 20% down is recommended. Very solid investment opportunity.
Monthly Rents: $900,850,703,676,650,650
Gross Income per year: $53,148
Annual Taxes: $6500
Insurance: $4500
Heat=$4,000
Water/Sewer=$2,200
Total Fixed Operating Expenses=$17,200
$35,952=Yearly Net Operating Income
All zoning, income and expenses must be verified. Will not last at this price! |
| Contact person: |
Alex |
| Seller Type: |
AgentorBroker |
| Phone: |
201-988-3282 |
| Email: |
AlexGonta@gmail.com |
| Web Link: |
http://www.sashagonta.com/47Grant |
| Listing Status: |
For Sale |
| Property Type: |
Apartment Buildings |
| Price($): |
425000 |
| Street Address: |
Grant Avenue |
| City: |
Jersey City |
| Region: |
New Jersey |
| ZIP/Postal Code: |
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| Bedrooms: |
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| Bathrooms: |
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| Stories: |
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| Square Feet: |
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| Lot Size: |
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| Year Built: |
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| Owner Finance: |
No |
| Cap Rate: |
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| Net Operating Income: |
35952 |
| Price Per Square Foot: |
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