374 Boyden Ave, Maplewood Twp., NJ 07040

$785,000
7
BD
4
BA

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List Price
$785,000
MLS#
4044430
Dom
96
Year Built
1927
Status
ACTIVE
County
Essex
City
Maplewood Twp.
Bedrooms
7
Bathrooms
4
Baths Full
4
Acres
0.12

Property Description

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 & 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.

Additional Information

Taxes
$15,124
Cooling
Window A/C(s)
Exterior
See Remarks
Garage Spaces
2
Garage Description
Detached Garage
Heating
3 Units, Baseboard - Hotwater, Radiators - Hot Water, Radiators - Steam
Roof
Asphalt Shingle
Sewer
Public Sewer
Water
Public Water
Basement
Yes
Lot Description
Level Lot
Exterior Features
Deck, OpenPrch, Patio, FencVnyl
Garage Description
Detached Garage

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Listing Courtesy Of KELLER WILLIAMS VILLAGE SQUARE, Contact: 201-245-8512

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