56 Hamilton Ave Unit 4, Fairview, NJ 07022

Property Description

4 FAMILY WITH A 7.6% CAP RATE, THIS PROPERTY WAS REMODELED FROM GUT TO STUD ABOUT 6 YEARS AGO, NEW ELECTRICITY, NEW PLUMBING, NEWER ROOF, NEW SHEETROCK, PROPERTY HAS SEPARATE UTILITIES, TENANTS PAY HEAT & HOT WATER, FIRST FLOOR FEATURES 2 APTS, ONE HAS A TWO BEDROOM UNIT AND THE OTHE APT HAS A 1 UNIT APT. SECOND FLOOR HAS 3 BEDROOMS. 1 FB. 3RD FLOOR HAS 2 BEDROOMS, FULL BATH, DECK WITH PARIAL NYC VIEW, NYC TRANSPORTATION 1 BLOCK AWAY. NEXT TO NORTH HUDSON PARK.EXPENSES= water & sewer $4,800, insurance $6,000. taxes $21,045, total expenses, $31,845. total income $11,500 x 12=$138,000 net income $106,155.00