325-327 JOHN STREET new Save Request In-Person Tour Request Virtual Tour
Union Twp.,NJ 07202
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3960261
Year Built 1976
Annual Tax Amount $21,375
Tax Year 2025
Property Description
5-unit brick apartment building grossing $117,600 per year in rental income (3BR $2,500, the 2 BRs are getting $2,200, $2,200, $1,450, $1,450) with expenses being minimal due to tenants pay there own heat, hot water, cooking gas and electric with only $34,900 netting $82,700. Taxes are $22,000, Water $5,500, Insurance $7,000, Electric $400. The units offer 2 bedrooms, a combined living and dining area, and a bathroom. The fifth unit features 3 bedrooms, a studio space, living and dining areas, and a bathroom. At the back of the building, there is a parking lot with 6 dedicated spots for tenants. The property is ideally located just 3 minutes from Elizabeth NJ Transit, 1 minute from Route 1&9, with Newark Airport only 7 minutes away and The Mills at Jersey Gardens just a 10-minute drive.
Location
State NJ
County Union
Zoning R-2
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Equipment Fire Alarm
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Garage Spaces 5.0
Utilities Available Electric, Gas-Natural
Roof Type Flat
Building
Lot Description Level Lot
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple