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Listed by Javier Rivera Keller Williams Village Square Realty
$ 785,000
Est. payment | /mo
7 Beds
4 Baths
$ 785,000
Est. payment | /mo
7 Beds
4 Baths
Open House
Sat Aug 15, 12:00pm - 2:00pm
Sun Aug 16, 12:00pm - 2:00pm
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26029095
Style 3 Family
Bedrooms 7
Full Baths 4
Property Sub-Type 3 Family
Property Description
Exceptional opportunity to own a fully occupied, legal 3-family property in the highly desirable Township of Maplewood. This income-producing property features three spacious apartments with practical layouts, offering immediate rental income and long-term investment potential. Current gross rental income is $85,800 annually, with seller-reported recurring operating expenses resulting in an estimated Net Operating Income (NOI) of approximately $60,514 and an estimated 7.71% cap rate at the $785,000 asking price. Financial information is believed to be accurate but should be independently verified by purchasers. Conveniently located just minutes from Maplewood Village, NJ Transit train and bus service, Maplecrest Park, local shopping, restaurants and major highways.
Location
State NJ
County Essex
Interior
Laundry Basement
Exterior
Garage Spaces 2.0
28 Valley Road Suite 1, Montclair, Jersey, 07042, United States