Property
Plainfield, NJ 07060 317-319 Richmond Street
$1,395,000
Pending
15 more
Presented By: Marc A Sorrentino, VRI Homes
Beds • 10
Full/Half Baths • 0 / 3
SQFT • 5,183
Garage • 2
Home Details
Cash cow and cash flow positive investment property located in Plainfield, NJ. Four apartments and 1 commercial space. Three of the apartments have been totally renovated within the last two months.
Apartment 1 is two bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas.
Apartment 2 is two bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas.
Apartment 3 is thre bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas.
Apartment 4 is three bedrooms and one full bathroom. Occupied. $2,200 per month. Tenant pays electric and gas.
Garage has two bays and is leased for $5,000 per month. $500 CAM every month.
Triple Net property. 13% cap rate.
Presented By: Marc A Sorrentino, VRI Homes
Interior Features for 317-319 Richmond Street
Bedrooms
Total Bedrooms10
Bathrooms
Half Baths3
Total Baths8
Other Interior Features
Air Conditioning Y/NYes
BasementOther, Full
Total Fireplaces
General for 317-319 Richmond Street
Additional Parcels Y/NNo
Attached Garage Yes
Carport Y/NNo
CityPlainfield
CoolingMulti Units
CountyUnion
Directions317 Richmond Street, Plainfield, NJ
Property is on corner.
Multiple buildings on single block and lot.
See photos.
Electric On Property Y/NNo
Full Baths5
Garage Spaces2.0
Garage Y/NYes
HeatingSee Remarks
Home Warranty Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet3049.2
Lot Size UnitsAcres
MLS AreaNone
MLS Area MinorPlainfield (PLF)
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total4
Property SubtypeFour Family
Property TypeMulti-Family
Rent Control Y/NNo
SewerPublic Sewer
Standard StatusPending
StatusPending
Stories2
Subdivision NameNone
Tax Annual Amount11255.0
Tax Year2023
TaxOtherAnnualAssessmentAmount126700.0
Water Sewer Expense800.0
Waterfront Y/NNo
Exterior for 317-319 Richmond Street
Building Area Total5183.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions29 x 100
Lot Size Acres0.07
Lot Size Area0.07
Open Parking Y/NNo
Parking FeaturesHeated Garage, Direct Access, On Street, Oversized, Workshop in Garage
SpaNo
Water SourcePublic
Additional Details
Price History
Ebonie Clerier
Associate