Agent Comm=2%; ROI=10% Hamilton 2-family Income~$24K/yr.

209 Park Lane, Hamilton, NJ 08609 | 3 Bed, Multi-Family Home For Sale By Owner

Listing ID 20785715 | Updated 59 days ago

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209 Park Lane
Hamilton, NJ 08609
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3 beds, 2 baths
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Bedrooms:3 Bathrooms:2 Floors:2.0 Square Footage:1900
Year Built:1960 School District:Hamilton Garage Size:0.0 Lot Size:50x100 Ft.
0.11 Acre(s)
Amenities:Carpeted Floors, Wood Floors, Appliances Included, Patio/Balcony, Basement, Central Heating, Deck/Porch, Tile Floors

BUYER's AGENT GETS 2%--Hamilton 2-family semi. with long-term (5+ years) tenants. Renovated 2008 inside (including plumbing, electrical, heating) and out (siding, porch) to the tune of over $90,000, on a quiet 1-way street and double-lot with driveway. 1st floor 2BR, 1BA apt. with E-i-K, deck and basement rented for (2015) $985/month plus util.; 2nd floor apt with full bath, E-i-K, BR and large finished loft-room: rented for (2015) $965/month plus util, for a gross annual 2015 rental income of $23,400! Monthly rent check gets mailed to your house/office--this is completely hassle-free professional tenant!!! Low Property Taxes (2014): Approx $3900. Renovated Interior features: His-and-Her double vanity in 1st floor large spacious bath. Granite counter in 1st floor kitchen. Ceramic tiled floor in both kitchens and baths, modern kitchens with new cabinets, new appliances, and new engineered wood flooring in all other rooms. Separate gas water heaters and separate central gas heating, separate utilities. First floor set up for central A/C. Hamilton School District makes this a very desirable property for renters with school-age kids. Very few properties in Hamilton in this A1 condition, in this price range with this kind of income/appreciation potential due to large lot and driveway, good schools and proximity to train station--within 2 miles from Hamilton NJ Transit Station (1 hr. to NY City by NJ Transit)--commuters dream come true! Call/e-mail soon---with real estate market turning around, this will not last long!!! Asking price based on 5-year history of rental income. Savyy Investor--your ROI is over 10% !!!



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