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.
Listing courtesy of Keller Williams Village Square Realty. Contact: 2014454300
