56-60 Cedar Ave., Highland Park, NJ
Multi-family for Sale - $699,000 - 8,950 Sq. Ft. on 0.16 acres
Property Info
CIMLS# | 809239 |
Location 56-60 Cedar Ave. Highland Park NJ 08904 | |
Updated | September 29th, 2016 |
Type | Multi-family |
Price | $699,000 |
Building | 8,950 Sq. Ft. |
Land | 0.16 acres |
Property Description
2 story frame rental with 6 spacious one bedroom apartments with 9 foot ceilings, refinished wood floors, LR, DR, kitchen, pantry, full bath and bedroom. All to code. Semi private entrances with porch/balcony access. Tenants pay for electric, owner pays for gas/heat, water/sewer. Each apartment has a basement storage area. Parking on one way quiet street.
Very well maintained property in very good condition, current owner since 1978. Roof resealed two years ago, aluminum siding, storms on all windows.
Prime location within walking distance to downtown New Brunswick, resteraunts, theaters, Rutgers, parks and places of worship. Easy access to Rts. 18, 27, Turnpike and Metro train center.
Please contact me for more info. 908-208-3735/motoguzzi99@gmail.com Thanks, Stan
Financials
Total income-90,336
Net income after expenses-61,261
ROI AT ASKING PRICE-8.4%
Taxes-16,500, Gas-4050, Common electric-100 Insurance 4,725, Water/sewer-1,700, Reserve for maintenance-2,000.
Total operation expenses- 29,075