RARE TRI-PLEX BEING OFFERED IN NORTHFIELD. NJ! CITY WATER - CITY SEWER - NATURAL GAS. Ready to add three more doors to your ever growing rental portfolio in a highly sought after area, highly sought after school district of South Jersey? Need a solid 1031 exchange property? If I could start all over I would "HOUSE HACK" this one! 3.5% down and start your investing journey! Live in one unit and rent the other two units, covering your mortgage, paying down your loan, and still cash flowing! CASH FLOW = FREEDOM! Rents gross $47,700 annually with plenty of room to VALUE ADD with LONG TERM TENANTS. All units have separate electric and separate gas meters. Unit # 1 is a first floor, large efficiency apartment, full bathroom, spacious kitchen, with stackable washer/dryer, and basement access storage. Unit # 2 is a beautifully kept second floor unit with one bedroom, one full bathroom, kitchen, living room, stackable washer and dryer. Unit # 3 is located at the rear of the building and offers two bedrooms, two full bathrooms, kitchen, and living room. The two car garage is rented out separately providing four streams of income. All three units have updated lead based paint certifications. Most rent updates include new gutters, new rear deck and stairs on unit # 3. Whether you are a seasoned real estate investor or finally ready to make the jump, this is solid start! Welcome to your next investment property on Zion Road!
OFFER HAS BEEN ACCEPTED, BACKUPS ARE ALWAYS WELCOME (11-4-22) Great Investiment Opportunity. Triplex with good tenants (100% occupancy) and have separately metered electric & gas to each. Rents total over $40,000 gross/year and are below market. Unit #1 is a first flr Efficiency 1BA, large kitchen, stackable W/ D. Unit #2 is a 2nd flr 1BR 1BA, large kitchen, stackable W/ D. Unit #3 is first flr rear with 2BR 2BA, large kitchen, stackable W/ D. 2-car attached garage. Huge back yard with plenty of area for outside activities. Full unfinished basement contains 3 gas-fired Weil McClean hot water heating units, 3 gas-fired hotwater tanks, a functioning sump pump, and is accessed through the Efficiency unit. PLEASE USE THE VIRTUAL TOUR(S) provided, as the tenants work varying hours and we've agreed not to do individual showings until the property has an acceptable offer in place. Offered in as-is condtion, subject to your inspection: Unit #1 & Unit #2 show very well and appear in Good Condition. Unit #3's wood steps and adjacent deck need some repair, and one of its bathrooms need some repair to floor and cabinetry. Pitched roof has new GAF shingles. Mildly pitched flat roofs appear in pretty good condition when viewed from 2nd floor apartment. MATTERPORT VIRTUAL TOURS: Units #1 & #2 - https://matterport.com/discover/space/1L3pj6Jcoum ; Unit #3: https://matterport.com/discover/space/vT4ZCjKHwLk