3 Myrtle Ave
Listing Notes
Turn-Key 3-Unit investment. $7,700 monthly rental income. Immediate cash flow starts on day one. This fully occupied three-unit investment property is currently generating approximately $7,700 in monthly rental income. Unit 1- $2,750 Unit 2- $2,750 Unit 3- $2,200, approximately $92,400 annually. Offering investors income from the moment ownership transfers. Prime location for investment properties. Walking distance to Plainfield train station that goes to Newark and NY City, close to route 22, convenience stores, supermarkets and restaurants. Recent capital improvements include a roof replaced in the last few years, furnaces in units 1-2 in the last year. Partially finished basement that offers flexibility for storage, hobbies and other permitted uses. Additionally there is a 2-car garage and parking for approximately 7 cars.
Comps
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Mortgage Calculator
Excludes property tax, property insurance, and hoa / fees — not in this listing, so the true monthly cost is higher.
- Due at close
- $294,705
- Loan amount
- $749,250
- Loan to value
- 75%
- Principal & interestLoan scenario$5,010
- Property taxNot in listing dataNot provided
- Property insuranceNot in listing dataNot provided
- HOA / feesNot in listing dataNot provided
- Mortgage insuranceLoan scenario$0
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Only the listing price is sourced for this property. Missing tax, insurance, and HOA/maintenance costs are not guessed.
Where it is
For sale Coming soon Recently sold— zoom out for more