14 Franklin St Riverside, NJ 08075

Listing Details

• Property Type: Multi-Family
• Structure Type: Detached
• Ownership: Fee Simple
• Exclusions: Tenants Personal proeprty
• Home Warranty: No
• Inclusions: AS-IS Where-is
• New Construction: No
• Expected On Market: 2020-11-19
• Year Built: 1920
• Automatically Close On Close Date: No
• Remarks Public: Rare opportunity for a seven-plex cash flow machine. This property is conveniently located on a corner lot walking distance to the heart of historic Riverside Township and the light-rail station. The property offers ample parking int he rear of the building and a large yard. The building has 2 studios with private entry, 2 one bedrooms with private entry, another 1 bedroom with a shared entry and 2 two Bedrooms with two accesses, one private entry and one shared. All but 1 unit is occupied mostly with very long term tenants. Electric and gas are all separate. All township CO's are up to date and all state inspections are up to date. This is a true turnkey rental building waiting for its next investor.
• Special Features: None
• Property Sub Type: MultiFamily

Interior Features

• Fireplace: No
• Wall Ceiling Types: Dry Wall
• Foundation Details: Crawl Space
• Basement: Yes
• Basement Type: Dirt Floor, Partial, Outside Entrance
• Total Sq Ft: 3963
• Living Area Sq Ft: 3963
• Price Per Sq Ft: 98.39
• Above Grade Finished Sq Ft: 3963
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 14

Exterior Features

• Other Structures: Above Grade, Below Grade
• Construction Materials: Frame
• Exterior Features: Fire Escape, Flood Lights, Sidewalks, Street Lights
• Roof: Flat
• Water Access: No
• Waterfront: No
• Water Oriented: No
• Pool: No Pool
• Tidal Water: No
• Water View: No

Garage/Parking

• Garage: No
• Parking Features: Unassigned, Public, Paved Parking
• Type Of Parking: Parking Lot, Off Site

Utilities

• Central Air Conditioning: No
• Heating Fuel: Electric, Natural Gas
• Heating Type: Forced Air, Baseboard - Electric
• Heating: Yes
• Hot Water: Natural Gas
• Sewer/Septic System: Public Sewer
• Utilities: Cable Tv, Electric Available, Natural Gas Available
• Water Source: Public

Condo/Co-op/Association

• HOA: No

Schools

• School District: RIVERSIDE TOWNSHIP PUBLIC SCHOOLS
• School District Key: 300200396961
• School District Source: Listing Agent

Lot Info

• Lot Size Acres: 0.10
• Lot Dimensions: 42.00 x 100.00
• Lot Size Units: Square Feet
• Lot Sq Ft: 4356.00
• Zoning: APARTMENT

Rental Info

• Existing Lease Type: Month To Month, Yearly
• Number Of Units Month To Month: 5
• Owner Pays: Sewer, Water
• Rent Control: No
• Units Leased Count: 7
• Vacation Rental: No

Multi Family

• Gross Scheduled Income: 57900.00
• Income Includes: Apartment Rentals
• Operating Expense: 11958.00
• Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6,Unit 7
• Single Room Units Count: 2
• Vacancy Allowance Rate: 5.00

Tax Info

• Assessor Parcel Number: 1731063
• Tax Annual Amount: 10714.00
• Assessor Parcel Number: 30-00903-00008
• Tax Year: 2020
• Close Date: 02/12/2021

MLS Schools

• School District Name: RIVERSIDE TOWNSHIP PUBLIC SCHOOLS