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732-921-1825 (Cell)
Real Estate Company
374 Boyden Ave, Maplewood Twp., NJ 07040
- $785,000
- 7
- BD
- 4
- BA
- 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.
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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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