40.619656 -74.42907

44-48 Lincoln Pl North Plainfield Borough, NJ 07060

304926530 40.619656 -74.42907 2412 /listing/304926530-151254587/44-48-lincoln-pl-north-plainfield-borough-nj-07060 False 0 800000.0 101 3746201 False
  • $800,000
  • 0.13 lot
  • Est payment $4294.57/mo

Property & Neighborhood Info

Courtesy Of ERA SUBURB REALTY

Commercial in North Plainfield Boro

Great investment opportunity, turn key operation, you collect rent since day 1 in a fully occupied property with 6 apartments, 2/3 bedrooms, 2/2 bedrooms, 1/1 bedrooms, 1 studio, all with separate utilities, rents are around 15% below market value, long term tenants, historical very low vacancy rate if any, you can have tenants ready before current occupant leaves, your problem will be to which applicant you will give the apartment, very convenient location for renters, close proximity to public transportation, at walking distance of laundry facilities, supermarkets, houses of worship, schools, municipal building, bakeries, restaurants. Central heat replaced in 2013, tenants pay their own electricity, cooking gas and hot water, landlord only pay water, sewer and property taxes, garbage disposal, heat and insurance. Good return in your investment, do not miss this opportunity. SALE INCLUDES 40X80 VACANT LOT IN BACK OF THE PROPERTYYearly Income: 88,800- Yearly Expenses 63,795 = $25,005 yearly cash return = 12.51% yearly return on $200,000 down payment investment with under market value current rents. See breakdown of income and expenses in mediaRents are at least 10% below market value, room for income increase.

Courtesy Of ERA SUBURB REALTY
  1. 0.13 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1930
  • Floors: 3
  • County: Somerset
  • Taxes: $9,193.00
  • Tax Year: 2020
  • Units: 6
  • Zoning: R4
  • MLS Number:3746201

Additional Features

  • Ceiling Height:
    • 9
  • Cooling:
    • Window A/C(s)
  • Equipment:
    • Kitchen Area
    • Restrooms - Private
    • Smoke Detector
  • Building Num:
    • 1
  • Location:
    • Residential Area
  • Number of Docks:
    • 0
  • Roof:
    • Asphalt Shingle
    • Flat
  • Water Source:
    • Public Water
  • Year Built Description:
    • Renovated
  • Basement:
    • Full
    • Storage
    • Unfinished
    • Walkout
  • Door Height:
    • 7
  • Exterior:
    • Brick/Block
    • Vinyl Siding
  • Acres:
    • 0.13
  • Lot Features:
    • Corner
  • Parking:
    • 1 Car Width
    • Crushed Stone
    • Off-Street Parking
    • On-Street Parking
  • Expenses Include:
    • Gas/Oil
    • Insurance
    • Maintenance - Interior
    • Taxes
    • Trash
    • Water/Sewer
  • Heating:
    • 1 Unit
    • Radiators - Steam
  • Heating Source:
    • Gas-Natural
  • Sewer:
    • Public Sewer
  • Utilities:
    • Electric
    • Gas-Natural
  • Availability:
    • Immediately
  • Documents Available:
    • Income & Expenses
    • Leases
    • Pro Forma
  • Easements:
    • Unknown
  • For Sale or Lease:
    • For Sale
  • Gross Income:
    • 88800
  • Lease Info:
    • 1 Year Minimum
  • Lease Type:
    • Other
  • Owner Pays:
    • Heat
    • Sewer
    • Trash Removal
    • Water
  • Rent Payable:
    • No
  • Sale Includes:
    • Building & Land
  • Tax Rate:
    • 3.912
  • Services:
    • Cable TV Available
    • Internet Available
  • Tenant Pays:
    • Cable T.V.
    • Electric
    • Gas
    • Hot Water
  • Assessment Building:
    • 130000
  • Assessment Land:
    • 105000
  • Net Income:
    • 63657
  • Number Of Bays:
    • 0
  • Operating Expense:
    • 25143
  • Ownership Type:
    • Fee Simple
  • Possession:
    • CLOSING
  • Suite Num:
    • 6
  • Tax Assessment:
    • 235000
  • Tax Block:
    • 94
  • Tax Property ID:
    • 14.01
  • Tax ID:
    • 2714-00094-0000-00014-0001-
  • Unit 1 Bed Total Beds:
    • 1
  • Unit 2 Bed Total Beds:
    • 2
  • Unit 3 Bed Total Beds:
    • 2
Neighborhood info courtesy of Homes.com © 2021

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Tatiana Novack
Tatiana Novack
Associate
101 Landing Road Landing NJ 07850
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