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3 story building containing 8 studio apartments

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Listing ID 21942061 | Updated 108 days ago

$389,750
Willing to negotiate
For Sale

546 Jefferson Avenue 8 units
Elizabeth, NJ 07201

N/A beds, N/A baths
Multi-Family

Ask the Owner

M. Jochim
Primary

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Bedrooms:N/A Bathrooms:N/A Floors:3.0 Square Footage:3600

Year Built:1945 School District:N/A Garage Size:0.0 Lot Size:40x160 Ft.
0.15 Acre(s)

Amenities:Carpeted Floors, Appliances Included, Basement

Investment Property: 3 story building containing 8 studios. Each with private bath and kitchenette. Great location. Huge backyard can accomodate 8+ cars.

New Windows. Fully rented

Recent State 5 year inspection for Green Card.

Good until Jan. 2015

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For year 2010

Income : Annually $72,540

6 studios @ $780 monthly; 1 studio @715 monthly;1 studio@ $650 monthly

CAP RATE 12

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Expenses: Annually $20,242

Monthly Taxes: $ 657; Gas: 234; Water $235; Ins. $234; Electric $280; Emergency fund $300

Anticipated net Income: $52,068

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M. Jochim
Primary

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