Great opportunity for all Investors!! 3 Family on a 25 x 100 lot only 4 blocks away from the Grove Street Path. 2 units have 2 beds and 1 bath, 3rd unit has plans approved to renovate into a 3 bed 2 bath and includes facade renovation. Total current sqft: 2,288 and Total proposed sqft after renovation: 2,574. Current rent roll: $34,200 Annual Gross, Potential minimum rent roll after 3rd unit renovation: $74,400 Annual Gross. Approx. cost of renovation: $60,000-$70,000. Cap Rate after renovations: 7 3/4%.
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