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
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