Bloomfield, NJ 07003 36 Edison Street

Gross rental income is $56,400 with a 7.5% cap rate! Look no further for your next home or investment property! This 2 family property in Bloomfield has a 1 bed/1 bath unit on the first floor, 2 bed/1 bath unit on the second floor, and a detached 2 car garage. You could also live in one apartment and use the other for rental income. There are separate gas and electric meters for the apartments. The heat/hot water are shared with separate thermostats (2nd floor pays) and the landlord pays the water bill. The basement has a shared washer/dryer and all utilities. The two car detached garage is approximately 550 ft with high ceilings and includes usage of the 1/2 bath in the basement. The second floor 2 bedroom apartment is vacant. Schedule your private tour today before it's too late!