Ease of Ownership best describes this 4-family gem! Located in Upper Vailsburg, this is a "plug and play". Each unit consists of 3-bedrooms, and 1 bath. The property was completely renovated in 2019 and boasts of having a valid NJ DCA Green Card Inspection certificate. Each tenant enjoys separate central heat/air as well as a shared coin-operated laundry room in the basement. The property has combo security locks to avoid lost key syndrome! Tenants are on a month-to- month lease, but with laundry and possible garage income currently can produce $113,700 annually for a generous 13.57% cash on cash return. Two units are below market and have the possibility to increase these returns down the road. Current onsite tenant handles cleaning and garbage. 2 Sump pumps in the basement as well as interior plumbing for sprinkler system
Property Features
Heating Information
Forced Air
Natural Gas
Cooling Information
Central Air
Water Features
Public
Utilities
Underground Utilities
Parking
Detached
Basement
Unfinished
Listing Courtesy: POWERHOUSE REALTY, INC. - 973-763-5033