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Current Gross Annual Income: $102,540.00
Vacancy Rate (0% actual) < 0.00>
Operating Income $102,540.00
Taxes: 6,788.00
Water/Sewer: 7,176.00
Maint: 9,600.00
Insur: 3,505.00
Elect: 1,740.00
Gas: 1,440.00
Total Annual Expenses: <$30,249.00>
This property consists of 16 residential apartments in 3 multi-family buildings on over 3/4 of an acre. Mature landscaping on a beautiful, park-like setting. Gas and electric utilities are separate and tenant paid. All recent certificates of occupancy and state inspection. All tenants are cash-paying. This historic estate was built by William Lane in 1860 as his Summer cottage.
Offered at: $1,750,000.
Actual 1905 view showing subject property to the right.
E-mail us at: sales@njproperty.com
Edward F. Thomas, Broker
