INCOME PROPERTY-6 spacious apartments, 2 story (fully occupied) GROSS INCOME=$90,336 NET INCOME= $60,166 (after expenses) Return on investment= 8.6% ! NOT RENT CONTROLLED ! Current owner since 1978, well maintained in very good condition (no mortgage). Aluminum siding with storm windows=tight building. 1-2 bedrooms, living room (or 2nd bedroom), dining room, kitchen, full bathroom, walk in pantry, basement storage, semi private entrances. Hardwood floors with 9 foot ceilings. Prime location on quiet one way street, convenient to restaurants, theaters, parks, transportation (Metro rail), Rts. 18, 27, Turnpike, Rutgers, houses of worship. EXPENSES= $30,170 (taxes, insurance, heat/hot water (gas), water/sewer, maintenance. Electric paid by tenants.
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