NOT LISTED FOR SALE
-- Bed
-- Bath
2,450 Sq Ft
1900 Built

Last Sold February 05, 2024

Last sale price $294,000 $120 Per Sq Ft

28 Days on Market

Highlights

  • Corner Lot
  • Ceramic Tile Flooring
  • Hot Water Heating System
  • Shed

About This Home

As of February 2024

Attention Savvy Investors.... Looking for another solid income property to add to your current portfolio? Check out this Triplex on a corner lot with long-term tenants and consistent cashflow. The gross rental income is $3,000 per month - ($700 efficiency, $1300 rear apartment, $1000 for the front apartment). Efficiency unit has electric heat and hot water - landlord pays. New instant-on gas boiler installed a couple of years ago. Property selling in "As Is" condition. Invest in your future today!

Last Listed By

Richard Warner

Warner Real Estate & Auction Company Listed on: 11/15/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,181

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 44.90 x 0.00
  • Corner Lot
  • Property is in average condition

Home Design

  • 2,450 Sq Ft Home
  • Triplex
  • Brick Foundation
  • Frame Construction
  • Pitched Roof
  • Shingle Roof

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces
  • On-Street Parking

Outdoor Features

  • Shed

Schools

  • Arthur P. Schalick High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Electric Water Heater
  • On Site Septic
  • Phone Available
  • Cable TV Available

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • The owner pays for insurance, real estate taxes, water, electricity
  • Tax Lot 00010
  • Assessor Parcel Number 03-00026-00010

Community Details

Overview

  • 3 Units

Building Details

  • Income includes apartment rentals
  • Insurance Expense $2,400
  • Other Expense $920
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,181

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: tenants personal property
  • Inclusions: washer, dryer (rear apt)
  • New Construction: No
  • Other Expense: 920.00
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring Type: Carpet, Ceramic Tile
  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2450
  • Living Area Sq Ft: 2450
  • Price Per Sq Ft: 124.49
  • Above Grade Finished Sq Ft: 2450
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 100

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Frame
  • Road Surface Type: Paved
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Driveway
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, On Street
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Utilities: Electric Available, Cable Tv Available, Natural Gas Available, Phone Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: ELMER BORO
  • High School: ARTHUR P. SCHALICK H.S.
  • High School Source: Listing Agent
  • School District Key: 300200396397
  • School District Source: Listing Agent
  • High School: ARTHUR P. SCHALICK H.S.

Lot Info

  • Lot Features: Corner
  • Lot Dimensions: 44.90 x 0.00
  • Lot Size Units: Square Feet
  • Property Condition: Average
  • Year Assessed: 2022
  • Zoning: R125

Rental Info

  • Owner Pays: Insurance, Taxes - Real Estate, Water, Electricity
  • Rent Control: No
  • Total Actual Rent: 36000.00
  • Units Leased Count: 3
  • Vacation Rental: No

Multi Family

  • Gross Income: 36000.00
  • Gross Scheduled Income: 36000.00
  • Income Includes: Apartment Rentals
  • Single Room Units Count: 1

Tax Info

  • Tax Annual Amount: 7181.00
  • Assessor Parcel Number: 03-00026-00010
  • Tax Lot: 00010
  • Tax Total Finished Sq Ft: 2450
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 02/05/2024

MLS Schools

  • School District Name: ELMER BORO

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2024 02/05/24 Sold $294,000 -3.6% $120 / Sq Ft
12/13/2023 12/13/23 Pending -- -- --
11/15/2023 11/15/23 For Sale $305,000 -- $124 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJSA2009376

Bright MLS