127 Prospect St, South River, N.J. - Sold
Description:
Excellent 2 Family Investment! Don’t miss this opportunity to own a free standing legal 2 family house.
This Brick 2 story house has a slate roof, all new windows, soffets, and gutters. Located on an over-sized corner lot (77 ft. - 110ft.) the tenants enjoy a sunny park-like yard. The house features a private front entrance for the upstairs tenants, and a private rear entrance for the downstairs tenant.
In addition the tenants share the basement for storage and laundry and off street parking on the concrete driveway.
The heat and hot water are seperate and paid for by the tenants. The 1st floor has baseboard hot water with a Weil-Mcclean boiler (Gas) and the 2nd floor has a steam boiler with radiators (Gas).
The tenants also pay their own electric .
Currently there are 2 long term tenants in place. They would be interested in staying if an investor is looking for tenants. They both have an excellent track record for timely rent payments.
The upstairs units rents for $850 - It is a 2 bedroom, one bath with eat-in kitchen and a partially finished usable attic. This is under valued for the area and could easily be $1000 - $1100
The downstairs rents for $800 - It is a very large one bedroom, one bath with eat-in kitchen and an enclosed porch. This is under valued for the area and could easily be $900 - $1000
All appliances (stoves and refrigerators and coin operated dryer) are included with the sale.
RE Taxes: $3465 annually
Water: $370 annual
Building Information:
Apartment Features:
Offered: $305,000
Monthly CC/Maintenance:
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Showing by Appointment
Velvet Abashian - (212) 691-0906
velvet@avianvillagerealty.com