25 Cedar Alley, Phillipsburg, NJ 08865,
25 Cedar Alley, Phillipsburg NJ

25 Cedar Alley, Phillipsburg NJ

25 Cedar Alley, Phillipsburg, NJ

$116,000

HIGHLIGHTS
  • 3 Beds
  • 2 Full Baths
  • 1,001.88 Sq.Ft. Lot
  • 1,256 Sq.Ft. Living
  • 1900 Year Built
  • Sold Status
Excellent investment opportunity in Phillipsburg NJ.
 
Fully occupied 2-unit showing 11.5% CAP. Tenants pay electric, owner pays water, sewer, trash, and gas. Gas Furnace and electric hot water heater. Property to be sold in as-is condition.
 
1st Flr - Rear | Rent $895/mo | Occupied | Oven/Range, Refrigerator
2nd Flr - Front | Rent $800/mo | Occupied | Oven/Range, Refrigerator              
 
Water/Sewer: $720 - Landlord paid
Insurance: $1,920
Gas: $1,400 - Landlord paid
Gross Inc: $20,340
Net Inc: $12,896
Operate Exp: $7,444 - Includes taxes, insurance, and LL paid utilities/expenses
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Jennifer De Jesus

Jennifer De Jesus

RealtorĀ® / Owner

FEATURES & AMENITIES

Interior

  • Total Bedrooms3
  • Total Bathrooms2
  • Full Bathrooms2

Area & Lot

  • Status Sold
  • Living Area1,256 Sq.Ft.
  • Total Area1,256 Sq.Ft.
  • Lot Area1,001.88 Sq.Ft.
  • YEAR BUILT1900

Financial

  • Reduced Price$110,000
  • Real Estate Tax $3,404

Fully occupied 2-unit showing 10.91% cap rate

- Jennifer de Jesus

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