$785,000

House for sale Maplewood
Property photo number 1 of 16 Photos for Property. File  105233558_29_c88c488f15cbfbeabfa9da20d6e2117d.jpeg

Overview

SUMMARY: Discover an opportunity with this Maplewood house for sale and available for $785,000. This could be your next ideal home or a smart investment. More details await.
UPDATED INFO Investor opportunity! Fully occupied legal 3-family generating $7,150/month ($85,800 annually) in gross rental income. Based on current owner-provided operating expenses, estimated NOI is approximately $60,514 annually, reflecting an estimated 7.71% cap rate at
the $785,000 asking price. Three full-floor apartments offer a strong income-producing opportunity in a prime Maplewood location near Maplewood Village, NJ Transit, shopping, dining, parks and major highways. Property currently has 2 gas and 2 electric services. Unit 2 pays its own utilities; owner currently pays utilities serving Units 1 and 3. Utility configuration provides an opportunity for future separation. All financial information, expenses, NOI and cap rate are approximate and should be independently verified by purchaser.
Request details

Details

  • Beds: 7
  • Baths: 4
  • Price: $785,000
  • Reference No.: 95283396
  • Area: 2,854 sqft

Location

Marketed by:

  • Javier Rivera
Request details
Disclaimer

The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.


Viewed 0 times.