1277 PATERSON PLANK RD, Secaucus, New Jersey, 07094

1277 PATERSON PLANK RD
Secaucus NJ 07094

Property

Ownership: income-property
Rooms: 4
Bathrooms: 4
Pets: Pets Allowed

Financials

Price: $1,277,000
Annual Taxes: $12,684
140 Bay St, Suite 1 Jersey City, NJ 07302
Courtesy of REALTY ONE GROUP LEGEND ()

Description

EXCELLENT investment property. High visibility location. 100% occupied. Restaurant is on the first floor and about 2325 sq ft and full unfinished basement is about 1300 sq ft for additional storage. 3 Bedroom / 2 Bath apartment is on the 2nd floor and 1500 sqft. All separated utilities. Restaurant is newly renovated and has a 5+5 years lease. Apartment has been rented since 02/2018 to a same tenant and renewed in 2020 for 2 more years. Well maintained property with Brand New Electric, Plumbing and Central AC System. Total gross income is $93,600. More than 6% cap rate. Don't Miss it !!

1277 PATERSON PLANK RD New Jersey

Description

EXCELLENT investment property. High visibility location. 100% occupied. Restaurant is on the first floor and about 2325 sq ft and full unfinished basement is about 1300 sq ft for additional storage. 3 Bedroom / 2 Bath apartment is on the 2nd floor and 1500 sqft. All separated utilities. Restaurant is newly renovated and has a 5+5 years lease. Apartment has been rented since 02/2018 to a same tenant and renewed in 2020 for 2 more years. Well maintained property with Brand New Electric, Plumbing and Central AC System. Total gross income is $93,600. More than 6% cap rate. Don't Miss it !!


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