Cash cow and cash flow positive investment property located in Plainfield, NJ. Four apartments and 1 commercial space. Three of the apartments have been totally renovated within the last two months.
Apartment 1 is two bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas.
Apartment 2 is two bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas.
Apartment 3 is thre bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas.
Apartment 4 is three bedrooms and one full bathroom. Occupied. $2,200 per month. Tenant pays electric and gas.
Garage has two bays and is leased for $5,000 per month. $500 CAM every month.
Triple Net property. 13% cap rate.
Sold for $1,200,000
$1,200,000
317-319 Richmond Street, Plainfield, NJ 07060
10beds
5,183sqft
Multi Family
Built in ----
-- sqft lot
$1,267,400 Zestimate®
$232/sqft
$2,652 Estimated rent
Home value
$1,267,400
$1.10M - $1.44M
$2,652/mo
Zestimate® history
Owner options
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$2,652/mo
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$8,565/mo
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Two bedrooms
Zillow last checked:
Listing updated:
Listed by:
Marc A Sorrentino 800-531-2885,
VRI Homes
Bought with:
Yitzy Rosenbaum, 2298035
Blue Key Realty, LLC
Source: MoreMLS,MLS#: 22418132
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 8
- Full bathrooms: 5
- 1/2 bathrooms: 3
Heating
- See Remarks
Cooling
- Multi Units
Features
- Basement: Other,Full
Interior area
- Total structure area: 5,183
- Total interior livable area: 5,183 sqft
Property
Parking
- Total spaces: 2
- Parking features: On Street, Oversized, Workshop in Garage
- Attached garage spaces: 2
Features
- Stories: 2
Lot
- Size: 3,049 Square Feet
- Dimensions: 29 x 100
Details
- Parcel number: 1200304000000013
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: None
Location
- Region: Plainfield
Financial & listing details
- Price per square foot: $232/sqft
- Annual tax amount: $11,255
- Date on market: 1/13/2025
Price history
| Date | Event | Price |
|---|---|---|
| 5/22/2025 | Sold | $1,200,000-14%$232/sqft |
Source:  MoreMLS #22418132 Report a problem | ||
| 4/1/2025 | Pending sale | $1,395,000$269/sqft |
Source: MoreMLS #22418132 Report a problem | ||
| 3/6/2025 | Price change | $1,395,000-12.3%$269/sqft |
Source: MoreMLS #22418132 Report a problem | ||
| 1/13/2025 | Listed for sale | $1,590,000$307/sqft |
Source: MoreMLS #22418132 Report a problem | ||
| 10/31/2024 | Pending sale | $1,590,000$307/sqft |
Source: MoreMLS #22418132 Report a problem | ||
| 9/18/2024 | Listed for sale | $1,590,000$307/sqft |
Source: MoreMLS #22418132 Report a problem | ||
| 7/11/2024 | Pending sale | $1,590,000$307/sqft |
Source: MoreMLS #22418132 Report a problem | ||
| 6/27/2024 | Listed for sale | $1,590,000+224.5%$307/sqft |
Source: MoreMLS #22418132 Report a problem | ||
| 7/9/2020 | Sold | $490,000$95/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Netherwood
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Nearby schools
GreatSchools rating
- 1/10Charles and Anna Booker Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 3/10Maxson Middle SchoolGrades: 6-8Distance: 0.6 mi
- 1/10Plainfield High SchoolGrades: 9-12Distance: 0.8 mi
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Estimated market value
$1,267,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,267,400
- New Jersey
- Union County
- Plainfield
- 07060
- Netherwood
- 317-319 Richmond Street
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