374 Boyden Ave, Maplewood, NJ 07040

Property Description

Exceptional opportunity to own a fully occupied, legal 3-family property in the highly desirable Township of Maplewood. This income-producing property offers three spacious apartments with practical layouts and immediate rental income. Current gross rental income is $85,800 annually, with seller-reported recurring operating expenses of approximately $25,286 annually, resulting in an estimated Net Operating Income (NOI) of $60,514 and an estimated 7.71% cap rate at the $785,000 asking price. Conveniently located near Maplewood Village, NJ Transit train and bus service, Maplecrest Park, shopping, dining, schools and major highways. Whether expanding an investment portfolio or planning for future owner occupancy, this well-located multi-family presents an outstanding opportunity. Financial information is seller-reported and should be independently verified by purchasers.