Cash flowing 2 family for sale! Hurry to this 2 family home in a nice neighborhood of town. This property is fully rented for $1,900 (3 bedroom downstairs) with 2 year lease and $1,650 (2 bedroom upstairs). This property has an approximate 8.2% Return on Investment (ROI) and a 6.7% cap rate!This brick home has hardwood flooring downstairs and upstairs in many rooms. Also, downstairs features a living room and family room as well as a newer full bathroom. This home has 1 boiler and water heater for the home, but has separate electric meters. Close to NYC buses, trains and the Garden State Parkway.Photos from prior to tenants moving in.....units are fully occupied! Owner replacing boiler. Owner obtaining the certificate of occupancies.
Courtesy of: RE/MAX 1st. Advantage Information Source: Monmouth Ocean Regional REALTORS®
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