3 Myrtle Ave - Multi-Family FOR SALE


North Plainfield, NJ 07060
$949,000 USD
732-344-0701
3 Myrtle Ave, North Plainfield, NJ for Sale
$949,000 USD
Multi-Family - FOR SALE
1/52
null | 7.27% Cap Rate

3 Myrtle Ave
North Plainfield, NJ 07060


HIGHLIGHTS

  • 3 family
  • Corner lot
  • Value add

OVERVIEW

Discover an excellent investment opportunity at 3 Myrtle Ave, North Plainfield, NJ! 7.27% CAP RATE! This 3-family home offers a total of 9 bedrooms, with each of the three apartments featuring 3 spacious bedrooms, perfect for those seeking ample living space. Total annual rent is $90,000 a year! $7500 a month. The house is on a huge corner lot and also has a basement, detached garage and a large driveway for parking. The property is being sold as-is, buyer will be responsible for the CO (there are open violations from the town, agent can provide a list). Situated in the heart of North Plainfield and in the historical district, close to local amenities, schools, parks, and convenient access to major highways for easy commuting. This property is a fantastic opportunity to own a multi-family home in a desirable neighborhood with strong rental demand. Don't miss out on this income-generating 3 family in North Plainfield!

FOR SALE DETAILS

PRICE

$949,000 USD

PRICE/SF

$339 USD /SF

# OF UNITS

3

PRICE/UNIT

$316,333

CAP RATE

7.27%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

14-00142-0000-00013

ASK ABOUT THIS PROPERTY

Peter TverdovTverdov HousingMore Info
732-344-0701

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Peter TverdovTverdov HousingMore Info
732-344-0701

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.