Description
6 family.3 Blocks Bayonne Medical Center,5 blocks to 22nd St Light Rail Station. Gross yearly income: $83,760. Gross expenses approx $24,361:Taxes: $11,361,Insurance:$4,400, Water & Sewer:$1,850, Heat, hot water & common hall electric:$4,950,Super $1,200 & cleaning $600. Net income $59,399. Trash picked up by City. Cap rate approx 5.5%. 5 Market rent units (3 x $1300, 1 x $1250), 1 rent control at $530 per month also is Superintendent). Each unit has 1 bedroom, Liv rm, Kitchen & Bath,front and rear exit. Month to month tenancies. No laundry, 1 unit with a cat- no other pets. Full unfinished basement, Super has light basement storage. 6 separate Gas & Electric meters. 2 units vacant, updates include: 1 Gas Boiler for steam radiator heat replaced Feb 2019, & hot water replaced Feb 2022,tank removed 2013, Vinyl Siding July 2021, Replaced exterior rear stairs October 2015, Roof 2012, updated electric panels 2023. State inspected August 2018. Officer of corporation holds NJ Real Estate License.
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01/2 BATHS
School Ratings & Info
Description
6 family.3 Blocks Bayonne Medical Center,5 blocks to 22nd St Light Rail Station. Gross yearly income: $83,760. Gross expenses approx $24,361:Taxes: $11,361,Insurance:$4,400, Water & Sewer:$1,850, Heat, hot water & common hall electric:$4,950,Super $1,200 & cleaning $600. Net income $59,399. Trash picked up by City. Cap rate approx 5.5%. 5 Market rent units (3 x $1300, 1 x $1250), 1 rent control at $530 per month also is Superintendent). Each unit has 1 bedroom, Liv rm, Kitchen & Bath,front and rear exit. Month to month tenancies. No laundry, 1 unit with a cat- no other pets. Full unfinished basement, Super has light basement storage. 6 separate Gas & Electric meters. 2 units vacant, updates include: 1 Gas Boiler for steam radiator heat replaced Feb 2019, & hot water replaced Feb 2022,tank removed 2013, Vinyl Siding July 2021, Replaced exterior rear stairs October 2015, Roof 2012, updated electric panels 2023. State inspected August 2018. Officer of corporation holds NJ Real Estate License.
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Data last updated 2023-06-05T18:46:51.993.