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317-319 Richmond Street

Plainfield, NJ 07060
  • $1,395,000
  • STATUS: Active
  • ON SITE: 269 Days
  • MLS #: 22418132
UPDATED: 30 min ago
$1,395,000
  • 10
    BEDS
  • 0.07
    ACRES
  • 5
    BATHS
  • 3
    1/2 BATHS
  • 5,183
    SQFT
  • $269
    $/SQFT
Type:
Multi-Family
County:
Union
Area:
Plainfield (PLF)

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Description

Cash cow and cash flow positive investment property located in Plainfield, NJ. Four apartments and 1 commercial space. Three of the apartments have been totally renovated within the last two months. Apartment 1 is two bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas. Apartment 2 is two bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas. Apartment 3 is thre bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas. Apartment 4 is three bedrooms and one full bathroom. Occupied. $2,200 per month. Tenant pays electric and gas. Garage has two bays and is leased for $5,000 per month. $500 CAM every month. Triple Net property. 13% cap rate.

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© 2025 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Corcoran Baer & McIntosh. Data last updated 2025-03-24T17:19:57.87.
www.baerhomes.com/homes/152079251
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317-319 Richmond Street Plainfield, NJ 07060

  • Price: $1,395,000
  • Status: Active
  • On Site: 269 Days
  • Updated: 30 min ago
  • MLS #: 22418132
10
Beds
5
Baths
3
½ Baths
0.07
Acres
5,183
SQFT
$269
$/SQFT
County:
Union
Area:
Plainfield (PLF)
Property Description
Cash cow and cash flow positive investment property located in Plainfield, NJ. Four apartments and 1 commercial space. Three of the apartments have been totally renovated within the last two months. Apartment 1 is two bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas. Apartment 2 is two bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas. Apartment 3 is thre bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas. Apartment 4 is three bedrooms and one full bathroom. Occupied. $2,200 per month. Tenant pays electric and gas. Garage has two bays and is leased for $5,000 per month. $500 CAM every month. Triple Net property. 13% cap rate.
Exterior Features

Attached Garage YN Yes Exterior Features [] Garage YN Yes Parking Features On StreetDirect AccessHeated GarageOversizedWorkshop in Garage Roof [] Waterfront Features [] Waterfront YN No Waterview No

Interior Features

Basement OtherFull Cooling Multi Units Cooling YN Yes Fireplaces Total 0 Flooring [] Heating See Remarks Interior Features []

Property Features

Assessment Assessed Yes Lot Features [] New Construction YN No Owner Pays [] Pool No Property Sub Type Four Family Sewer Public Sewer Tax Annual Amount 11255 Tax Year 2023 Tenant Pays [] Water Heater Natural Gas Yes Water Source Public

Listing information © 2025 Monmouth-Ocean MLS. Listing provided courtesy of Marc Sorrentino of VRI Homes: 732-264-9593.


© 2025 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Corcoran Baer & McIntosh. Data last updated 2025-03-24T17:19:57.87.
 
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