374 Boyden Ave, Maplewood, NJ 07040
- $785,000
- List Price
- $785,000
- Days on Market
- 38
- MLS#
- NJES2000372
- Status
- ACTIVE UNDER CONTRACT
- Type
- Multifamily
- Style
- Colonial
- Year Built
- 1927
- County
- Essex
- Region
- Maplewood Twp (20711)
- Neighborhood
- Not Available
- Subdivision
- Not Available
Property Description
Exceptional opportunity to own a fully occupied, legal 3-family in the highly desirable Township of Maplewood. This income-producing property offers three spacious apartments with immediate rental income and long-term investment potential. 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 approximately $60,514 and an estimated 7.71% cap rate at the $785,000 asking price. Unit mix consists of two 3-bedroom, 1-bath apartments and one 2-bedroom, 1-bath apartment. Conveniently located near Maplewood Village, NJ Transit train and bus service, Maplecrest Park, shopping, dining, schools and major highways. Property is fully occupied. Financial information is seller-reported and should be independently verified by purchasers. Showings by confirmed appointment only with a minimum of 24-hour notice. Please do not disturb tenants.
Additional Information
- Acres
- 0.13
- Lot Size
- 5,662
- Exterior Features
- Roof Deck
- Roof
- Shingle
- Appliances
- Oven/Range - Gas, Refrigerator, Washer, Dryer, Water Heater
- Cooling
- Ceiling Fan(s), Window Unit(s)
- Heating
- Baseboard - Hot Water, Radiant, Radiator, Steam
- Basement
- Yes
- Taxes
- $15,124
Mortgage Calculator
Listing courtesy of Keller Williams Village Square Realty. Contact: 2014454300