NOT LISTED FOR SALE
5 Beds
5 Baths
2,520 Sq Ft
1,742 Sq Ft Lot

Last Sold August 22, 2022

Last sale price $460,000 $183 Per Sq Ft

21 Days on Market

Highlights

  • Property is near public transit
  • Jogging Path
  • Storm Doors
  • Wood Flooring
  • Shops
  • Level Lot

About This Home

As of August 2022

PROFITABLE income property with "potential for greater income" by bringing the rents up to market rate. Building will be fully rented and cash flowing. Low to no yard maintenance provides a cost savings. Five of the five units are TAW leaving room for increased revenue. Great neighborhood is minutes from RT138 and RT44. rubber roof 2009, Average annual gross income is $52,734, Vacancy allowance of 6% ($3,366) with a current NOI of $43,902 and a cap rate of 9.87%, Building has Full Letter of Lead compliance and will be attached to MLS. Newer windows, Newer vinyl exterior

Last Agent to Sell the Property

Tony Melo

Trident Realty Group Listed on: 06/07/2022

Last Buyer's Agent

Gilberto Franco

William Raveis R.E. & Home Services

William Raveis R.E. & Home Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,580

Year Built

  • Built in 1927

Lot Details

  • 1,742 Sq Ft Lot
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Stone Foundation
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 2,520 Sq Ft Home
  • Insulated Windows
  • Insulated Doors
  • Storm Doors

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Basement

  • Interior Basement Entry
  • Crawl Space

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • 100 Amp Service
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $4,700
  • Assessor Parcel Number M:47 L:242 U:,2977302

Community Details

Overview

  • 5 Units
  • Property has 1 Level

Recreation

  • Jogging Path

Additional Features

  • Shops
  • Net Operating Income $56,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,580

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1927
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 1
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 8

Interior Features

  • Flooring: Wood,Vinyl,Carpet,Laminate
  • Interior Amenities: Other (See Remarks)
  • Door Features: Insulated Doors, Storm Door(s)
  • Fireplace YN: No
  • Appliances: Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range
  • Total Bedrooms: 5
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Total Bathrooms: 5
  • Basement: Crawl Space, Interior Entry
  • Living Area: 2520
  • Stories Total: 8
  • Window Features: Insulated Windows
  • MAIN LO: AN6827
  • LIST PRICE PER Sq Ft: 176.59
  • PRICE PER Sq Ft: 182.54
  • MAIN SO: M59500

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range
  • Electric: Circuit Breakers, 100 Amp Service
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Walk/Jog Trails, Highway Access, Public School

Lot Info

  • Parcel Number: M:47 L:242 U:,2977302
  • Zoning: URBRES
  • Farm Land Area Units: Square Feet
  • Lot Features: Level, Other
  • Lot Size Acres: 0.04
  • Lot Size Area: 0.04
  • Lot Size Sq Ft: 1742
  • Lot Size Units: Acres
  • PAGE: 196
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5580
  • Tax Book Number: 15050

Multi Family

  • Gross Income: 56460
  • Net Operating Income: 56100
  • Number Of Units Total: 5
  • Total Actual Rent: 4700
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 2
  • FLRS 2: 1

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
08/22/2022 08/22/22 Sold $460,000 +3.4% $183 / Sq Ft
06/29/2022 06/29/22 Pending -- -- --
06/07/2022 06/07/22 For Sale $445,000 -- $177 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72993219

MLS Property Information Network (MLS PIN)