Multi-Family Deal *

The buyer will pay a commission for this deal.

Side by side LEGAL duplex residence constructed in 1991. Instant equity and cash flow!!

Unit 1: Updated in 2024. Rented at $3150. Lease 7/1/24 – 6/30/25

4 Bed 1.5 baths. All bedrooms are on the 2nd floor. 1st floor with living room, dining
room area, kitchen, powder room, attached single car garage, Full height
unfinished basement beneath the entire structure. Nat gas HVAC newer unit single zone, nat gas h/w newer unit basement, washer/ dryer hookups in basement 1382 sqft finished.

Unit 2: Original condition. Rented at $2750. Market rent $3500. Month to month since 2015.

3 bed 2.5 bath with primary suite w/ full bath and gas fireplace. All bedrooms are on the 2nd floor. 1st-floor living room, dining room area, gourmet kitchen w/ wet bar, powder room, wood burn fireplace, attached 2 car garage, Full height 3⁄4 finished basement beneath the entire structure with tv room, bedroom, and laundry.
2 zone Nat gas HVAC newer units, nat gas h/w newer unit basement, washer
dryer hookups in basement 2281 sqft finished.

Taxes 2023 Final / 2024 Preliminary $13,709.76
Property Insurance $2,147.00
NOI for property $ 54,943.24
$54,943 / $735,000 = 7.47 cap rate

Best Comps:

7-9 Auld Way, Edison, NJ 08817

54 Taft Ave, Edison, NJ 08817