NJ > South Plainfield
South Plainfield, NJ 07080,2219 PARK AVE
South Plainfield, NJ 07080,2219 PARK AVE
South Plainfield, NJ 07080,2219 PARK AVE
South Plainfield, NJ 07080,2219 PARK AVE
South Plainfield, NJ 07080,2219 PARK AVE
South Plainfield, NJ 07080,2219 PARK AVE
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Salvatore Settepani

Salvatore Settepani

+1(917) 559-9158
$ 850,000
Est. payment | /mo

4,500 SqFt

Save
$ 850,000
Est. payment | /mo
Save

4,500 SqFt

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,500 sqft

Price per Sqft $188

MLS Listing ID NJMX2006058

Originating Board BRIGHT

Year Built 1970

Annual Tax Amount $14,838

Tax Year 2022

Lot Size 0.370 Acres

Acres 0.37

Lot Dimensions 0.00 x 0.00

Property Description

INVESTORS: This five-unit, mixed residential / commercial building has a cap-rate of 6.8%, bringing in a gross rent of $7,100 a month (although this can be increased if the residential units are updated and the back detached properties designation changes). The entire unit is currently rented to a barber shop for $1,775 and a waxing studio for $850. The upstairs apartments are both two bed, one baths rented for $1,525 and $1,425. In the rear is an additional detached property that is currently used as a residential unit but can be converted into a commercial space (medical is approved zoning) for $1,525. All units have their own boilers and pay for their own utilities. The properties have 21-23 parking spots and are right on the corner of a major junction, so have plenty of curbside visibility. Total gross rent is $85,200 and expenses are $26,836. Included in expenses are the following: Professionals Fees ( Fire Alarm Inspection & Monitoring)

Location

State NJ

County Middlesex

Area South Plainfield Boro (21222)

Zoning OBC1

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 26.0

Waterfront N

Water Access N

Accessibility None

Total Parking Spaces 26

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District South Plainfield Schools

Others

Tax ID 22-00065-00002

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Timothy Christopher Crew • BHHS Fox & Roach - Princeton
agent-avatar

+1(917) 559-9158

salvatore.settepani@exprealty.com

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2219 PARK AVE