Address
44-48 Lincoln Pl North Plainfield Boro, NJ
Price
$ 800,000
Property Attributes
  • MLS#3746869
  • TypeMulti-Family
  • CountySOMERSET
  • CityNorth Plainfield Boro
  • AreaNorth Plainfield Boro
  • Zip07060
  • Style3-Three Story
  • Year Built1930
  • Taxes$ 9193
  • Price$ 800,000
  • Bedrooms10
  • Full Bathrooms6
  • Half Bathrooms0
  • Lot Size5,663 SqFt
Listing Provided Courtesy Of:
ERA SUBURB REALTY
Data Source:
Garden State MLS (GSMLS) - 38 - NJ
Property Description

Great investment opportunity, turn key operation, you collect rent since day 1 in a fully occupied property with 6 apartments, 2/3 bedrooms, 2/2 bedrooms, 1/1 bedrooms, 1 studio, all with separate utilities, rents are around 15% below market value, long term tenants, historical very low vacancy rate if any, you can have tenants ready before current occupant leaves, your problem will be to which applicant you will give the apartment, very convenient location for renters, close proximity to public transportation, at walking distance of laundry facilities, supermarkets, houses of worship, schools, municipal building, bakeries, restaurants.Central heat replaced in 2013, tenants pay their own electricity, cooking gas and hot water, landlord only pay water, sewer and property taxes, garbage disposal, heat and insurance.Good return in your investment, do not miss this opportunity. SALE INCLUDES 40X80 VACANT LOT IN BACK OF THE PROPERTYYearly Income: 88,800- Yearly Expenses 63,795 = $25,005 yearly cash return = 12.51% yearly return on $200,000 down payment investment with under market value current rents. See breakdown of income and expenses in mediaRents are at least 10% below market value, room for income increase.

Elementary School Middle School High School
Somerset Elementary School N Plainfld Middle School N Plainfld High School
Price History
10/16/2021 Listed $800,000

General Features

Architectural Style 3-Three Story
Basement Full, Unfinished, Walkout
Cooling Window A/C(s)
Drive 1 Car Width, Crushed Stone, Driveway-Exclusive, Off-Street Parking, On-Street Parking
Heating 1 Unit, Radiators - Steam
Interior Features Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Open Parking Spaces 4
Roof Flat, Rubberized
Sewer Public Sewer
Tax Annual Amount 9193
Total Units 4
Town # 2714
Township North Plainfield Boro
Utilities Electric, Gas-Natural
Water Heater Gas

Interior Features

Fuel Type Gas-Natural
Unit 1 Appl/equip Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Smoke Detector
Unit 1 Baths Total 1.0
Unit 1 Beds Total 3
Unit 1 Handicap Modified No
Unit 1 Levels 1
Unit 1 Room Description Bedrooms, Eat-In Kitchen, Living Room
Unit 1 Rooms 5
Unit 1 Sq Ft 600
Unit 2 Appl/equip Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Smoke Detector
Unit 2 Baths Total 1.0
Unit 2 Beds Total 3
Unit 2 Handicap Modified No
Unit 2 Levels 1
Unit 2 Room Description Bedrooms, Eat-In Kitchen, Living Room
Unit 2 Rooms 5
Unit 2 Sq Ft 600
Unit 3 Appl/equip Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Smoke Detector
Unit 3 Baths Total 1.0
Unit 3 Beds Total 2
Unit 3 Handicap Modified No
Unit 3 Levels 2
Unit 3 Room Description Bedrooms, Eat-In Kitchen, Living Room
Unit 3 Rooms 4
Unit 3 Sq Ft 500
Unit 4 Appl/equip Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Smoke Detector
Unit 4 Baths Total 1.0
Unit 4 Beds Total 2
Unit 4 Handicap Modified No
Unit 4 Levels 2
Unit 4 Room Description Bedrooms, Eat-In Kitchen, Living Room
Unit 4 Rooms 4
Unit 4 Sq Ft 500
Unittype1totalrent 1425
Unittype2totalrent 1425
Unittype3totalrent 1350

Exterior Features

Exterior Description Brick, Vinyl Siding
Lot Dimensions 56X100
Lot Features Corner
Water Source Public Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 07060

Price
AVG $500K
$800K
Taxes
AVG $9,697
$9,193
Visits
AVG 144
14
Year Built
AVG 1928
1930
Walkscore
AVG 63
87
Data Provided by Walkscore ® not using MLS data

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