UPDATED INFO Investor opportunity! Fully occupied legal 3-family generating $7,150/month ($85,800 annually) in gross rental income. Based on current owner-provided operating expenses, estimated NOI is approximately $60,514 annually, reflecting an estimated 7.71% cap rate at the $785,000 asking price. Three full-floor apartments offer a strong income-producing opportunity in a prime Maplewood location near Maplewood Village, NJ Transit, shopping, dining, parks and major highways. Property currently has 2 gas and 2 electric services. Unit 2 pays its own utilities; owner currently pays utilities serving Units 1 & 3. Utility configuration provides an opportunity for future separation. All financial information, expenses, NOI and cap rate are approximate and should be independently verified by purchaser.
Property Features
Heating Information
Baseboard
Natural Gas
Hot Water
Radiant
Utilities
Cable Available
Natural Gas Available
Cooling Information
Window Unit(s)
Water Features
Public
Parking
Detached
Basement
Unfinished
Listing Courtesy: KELLER WILLIAMS VILLAGE SQUARE - 201-445-4300