Listed by Bussel Realty Corp
$1,250,000
2 Property Investment Portfolio
Details
Property Type Multifamily, Mixed Use
Sub Type Apartment Building
Units 5
Tenancy Multi
Buildings 2
Acreage 0.13 - 0.133
Multifamily | 5 Units
Investment highlights
- Brand New Hot Water Heaters
- Within Walking Distance to Rahway NJ Transit Line (No Jersey East Coast Line)
- Water Bill for Both Properties - $3,600 Per Year
- Taxes Per Year - $21,000
- 428 – 434 W Grand Ave:
- 3 Apartment Rentals : 2nd Floor
- Unit 428 $1,075 Per Mo / 1 Bedroom
- Unit 430 $1,800 Per Mo (month to month) / 3 Bedroom
- Unit 434 Owner Occupied / Est $1,200 Per Mo / 1 Bedroom
- 2 Storefronts : 1st Floor
- Unit 428 300 SF / (1) Skincare / $755 Per Mo (month to month)
- Unit 434 (1) Vacant Restaurant w/ Kitchen
- Former Tenant was paying $2,000 Per Mo
- New Rental Rate Est to be $2,500 Per Mo
- 1689 Oliver St:
- Fully Occupied Two –Unit Building on 0.1327 Acre Lot
- 1st Floor Unit $1,336 Per Mo / 1 Bedroom / 1 Year Thru Sept 2025
- 2nd Floor Unit $1,400 Per Mo (month to month) / 1 Bedroom
- Landlord Pays Heat ($900 Per Year) – 1 Furnace for Both Units
- Total Rental Income of $2,736 Per Month / $32,832 Per Year
Listing Contacts
Listed by Bussel Realty Corp
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
