Listed by ERA Suburb Realty
$799,900
612 S Broad St elizabeth
Details
Property Type Mixed Use
Sub Type multi units
Cap Rate 9.88%
NOI $79,000
Occupancy 100%
Tenancy Multi
Lot Size (SqFt) 5,000
GREAT INVESTMENT OPPERTUNITY
Marketing description
Excellent investment opportunity. Established store (Smoke Shop rent is $2500), established tenant with existing lease. First floor apartment rented @ $1950 per month, second floor is one large unit - rent is $2525. . The garage is being rented for $350 month. Total monthly income is $7325. Tenants pay all utilities except for water, sewer insurance and maintenance. Building is in very nice condition over all. There is an unfinished basement. Updated windows. Very large deep lot 200 feet
Listing Contacts
Listed by ERA Suburb Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$79,000.00
$6,583.33/mo
Valuation Metrics
0
DSCR
9.88%
Cap Rate
9.88%
ROI
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