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    300 Monroe Avenue

    Plainfield, NJ 07063
    • $280,000
    • STATUS: Closed
    • ON SITE: 181 days
    • MLS #: 22011182
    Sold - 06/18/2020
    $280,000
    SOLD - 06/18/2020
    • 12
      BEDS
    • N/A
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    Great investment property located in Plainfield. Mixed use property consisting of one storefront and 3 apartments. Income generating property located on corner lot. Total monthly rent roll is $3,800. However, rental income can be increased with new leases. Commercial tenant has a 5 year lease that will be expiring soon. as of 6/21. Leased for $1,000 per month and should be $2,000-$2,500. All residential leases are yearly. Unit 1 is a 2/1 leases for $800.00 Should be $1,200.00Unit 2 is a 6/2 and leases for $1,200.00Should be $1,500.00Unit 3 is a 4/1 and leases for $800.00 per month. Should be $1,350 per month. Property will be sold as-is.Buyer must obtain C/OSeller is motivated.

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    © 2020 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Data last updated 2020-09-21T00:19:25.267.
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    300 Monroe Avenue Plainfield, NJ 07063

    • Price: $320,000
    • Status: Closed
    • MLS #: 22011182
    12
    Beds
    4
    Baths
    0
    ½ Baths
    N/A
    Acres
    1925
    Built
    Neighborhood:
    None
    County:
    Union
    Area:
    Plainfield (PLF)
    Property Description
    Great investment property located in Plainfield. Mixed use property consisting of one storefront and 3 apartments. Income generating property located on corner lot. Total monthly rent roll is $3,800. However, rental income can be increased with new leases. Commercial tenant has a 5 year lease that will be expiring soon. as of 6/21. Leased for $1,000 per month and should be $2,000-$2,500. All residential leases are yearly. Unit 1 is a 2/1 leases for $800.00 Should be $1,200.00Unit 2 is a 6/2 and leases for $1,200.00Should be $1,500.00Unit 3 is a 4/1 and leases for $800.00 per month. Should be $1,350 per month. Property will be sold as-is.Buyer must obtain C/OSeller is motivated.
    Exterior Features

    Garage No Lot Dimensions 40 X 91.6 Pool YN No Water View No Waterfront No

    Interior Features

    Basement Other - See Remarks Basement YN Yes Fireplace No Heat AC Forced Hot Air Heat Fuel Natural Gas Water Heater Natural Gas

    Property Features

    Assessment Land 23700.00 Assessment Status Assessed Assessment Total 97000.00 Deed Restrictions No Improvements Assessment 73300.00 Multifamily Type Four Family New Construction No Owner Corporate Tax Year 2019 Taxes 8110.00 Water Sewer Public SewerPublic Water

    Listing information © 2020 Monmouth-Ocean MLS. Listing provided courtesy of Marc A Sorrentino of Vri Homes.


    © 2020 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Data last updated 2020-09-21T00:19:25.267.
     
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    28 Valley Rd Suite 1
    Montclair NJ, 07042