Property
Rahway City, NJ 07065 1361 Saint Georges Ave
$955,000
Pending
7 more
Presented By: VILLAGE GREEN REALTORS; 732-381-7477
Full/Half Baths • 0 / 2
SQFT • 2,403
Garage • 10
Home Details
This Property makes Money! Currently over $85,000 net per year, with built-in increases .Solid long term tenant pays all expense under a triple net lease. Tenant has 5 year options till 2043. Professional Building totally renovated in 2011, 2 zone central air and gas heat, parking for 10, includes,1 handicap space, UVAngel air infiltration system, Ideal return for investors! 8.9 Cap Rate. Storage areas-Basement -10x15, 2nd flr-20x10, 3rd flr-10x10
Presented By: VILLAGE GREEN REALTORS; 732-381-7477
Interior Features for 1361 Saint Georges Ave
Bedrooms
Num 4 Bed Units
Bathrooms
Num Units w/Full Bath0
Num Units w/Half Bath
Half Baths2
Other Interior Features
Price Per Sq Ft397.42
Available Sq Ft2403
Num 3 Bdrm Units0
Num 2 Bdrm Units0
Num 1 Bdrm Units
BasementStorage, Unfinished
FlooringCarpeting, Tile, Vinyl-Linoleum
Fuel TypeGas-Natural
Total Stories2
General for 1361 Saint Georges Ave
Building #1361
Cap Rate8.90
ConstructionBrick/Block
Cooling2 Units, Central Air
CountyUnion
DirectionsSaint Georges Avenue, Between Church St and Central Avenue
Documents AvailableLeases, See Remarks, Survey
DriveBlacktop, Fencing, Lighting, Parking Lot-Exclusive
EasementUnknown
Equipment AvailableFire Alarm, Fixtures, Restrooms - Private, Security System, See Remarks, Sign - Freestanding, Smoke Detector, Storage Area(s)
Farm AssessmentNo
Garage Spaces10
Gross Income85680
Heating2 Units, Forced Hot Air
Leasable Area1664
Lease IncludesBuilding Insurance, Common Area Maint, Cooling, Electric, Gas, Heat, Sewer, Taxes, Water
Lease TypeNet
LocationFreestanding, Highway Location
MaintenanceExpense
Net Operating Income85680
Num Apts
Number Of Units Total1
Operating Expense0
OwnershipFee Simple
Permitted UseProfessional
PossessionTBA
Property TypeFree Standing Office, See Remarks
Property TypeOffcFStd
RoofAsphalt Shingle
ServicesCable TV Available, Garbage Included
SewerPublic Sewer, Sewer Charge Extra
Standard StatusUnder Contract
StatusUnder Contract
Tax Annual Amount21891
Tax Assessed Value289500
Tax Lot25
Tax Year2024
Tenant PaysElectric, Heat, Hot Water, Maintenance-Lawn, Repairs, Sewer, Snow Removal, Water
Town #2913
TownshipRahway City
UtilitiesElectric, Gas-Natural
Utilities Paid ByTenant
Year Built1900
ZoningR-2
Exterior for 1361 Saint Georges Ave
Building Area Total2403
Exterior DescriptionBrick/Block, Vinyl Siding
Lot Dimensions72X98
Lot FeaturesLevel Lot
Lot Size Acres0.20
Max Ceiling Height0
Max Door Height0
Number of Bays0
Number of Docks0
Total Parking10
Water SourcePublic Water
Additional Details
Price History
YOLANDA CASSIDY-BOGAN
Associate