INCOME PROPERTY-6 spacious apartments, 2 story (fully occupied) GROSS INCOME=$90,336 NET INCOME= $60,166 (after expenses) Return on investment= 8.6% ! NOT RENT CONTROLLED ! Current owner since 1978, well maintained in very good condition (no mortgage). Aluminum siding with storm windows=tight building. 1-2 bedrooms, living room (or 2nd bedroom), dining room, kitchen, full bathroom, walk in pantry, basement storage, semi private entrances. Hardwood floors with 9 foot ceilings. Prime location on quiet one way street, convenient to restaurants, theaters, parks, transportation (Metro rail), Rts. 18, 27, Turnpike, Rutgers, houses of worship. EXPENSES= $30,170 (taxes, insurance, heat/hot water (gas), water/sewer, maintenance. Electric paid by tenants.
Off market
$570,200
56-58-60 Cedar Avenue, Highland Park, NJ 08904
2beds
1baths
1,300sqft
MultiFamily
Built in 1930
-- sqft lot
$570,200 Zestimate®
$439/sqft
$2,570 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Radiant, Gas
Cooling
- None
Appliances
- Included: Refrigerator
Features
- Flooring: Hardwood
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 1,300 sqft
Property
Parking
- Parking features: On-street
Features
- Exterior features: Metal
Lot
- Size: 6,969 sqft
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Other
Condition
- Year built: 1930
Community & neighborhood
Location
- Region: Highland Park
Services availability
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Estimated market value
$570,200