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$ 350,000
Est. payment | /mo
4 Beds
3 Baths
5,000 Sqft Lot
$ 350,000
Est. payment | /mo
4 Beds
3 Baths
5,000 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Bedrooms 4
Full Baths 3
Year Built 1939
Lot Size 5,000 Sqft
Property Description
This Legal 3 Family Income Producing property on the High & Dry side of Manville, NJ have multiple possible uses. On this 50 x 100 lot sits 2 houses a two family home and sitting in the back a 1 bedroom ranch home with full basement. The main house contains a 2 bedroom on the 1st floor with and enclosed porch, living room, EIK, pantry, 2 bedrooms, and basement access for laundry/storage. The 2nd floor consist of a 1 bedroom apartment with kitchen, living room, bedroom, & bath. The ranch home which sits to the back of the property has a living room, kitchen, bedroom, central air, and laundry rm in unfinished basement. All the utilities are separate except water and sewer. Property taxes are $7,955. Even with the current rents totaling $3,200 monthly. Which is slightly below market rate the property still yields about 9% cap rate. All tenants are month to month. Uses Owner Occupant, Home Office, or Investment. The property needs some TLC and sold AS-IS. Seller will provide a full CO.
Location
State NJ
County Somerset
Nearby Locations
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