374 Boyden Ave,Maplewood Twp., NJ 07040
Maplewood Twp., NJ 07040
Description
UPDATED INFO Investor opportunity! Fully occupied legal 3-family generating $7,150/month ($85,800 annually) in gross rental income. Based on current owner-provided operating expenses, estimated NOI is approximately $60,514 annually, reflecting an estimated 7.71% cap rate at the $785,000 asking price. Three full-floor apartments offer a strong income-producing opportunity in a prime Maplewood location near Maplewood Village, NJ Transit, shopping, dining, parks and major highways. Property currently has 2 gas and 2 electric services. Unit 2 pays its own utilities; owner currently pays utilities serving Units 1 & 3. Utility configuration provides an opportunity for future separation. All financial information, expenses, NOI and cap rate are approximate and should be independently verified by purchaser.
Details
| MLS # | 4044430 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Under Contract |
| Year | 1927 |
| Days On Site | 65 |
| Listing Provided By | KELLER WILLIAMS VILLAGE SQUARE | JAVIER RIVERA |
Features
| Bath(s) | 4 Total |
|---|---|
| Garage | 2 |
| Basement | Y |
Taxes
| Property | 15124 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Essex |
| City | Maplewood Twp. |
| Zip Code | 07040 |
| Area | Essex |
| Listing VS Median (in 07040) | |
Price: $785,000 low | high Med: $349,000 On site: 65 low | high Med: 9 | |
Market Activity 07040
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Learn More About This Property
| State | NJ |
|---|---|
| County | Essex |
| City | Maplewood Twp. |
| Zip Code | 07040 |
| Area | Essex |
| Listing VS Median (in 07040) | |
Price: $785,000 low | high Med: $349,000 On site: 65 low | high Med: 9 | |
