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

Realtor® / Owner

Phone

Email

[email protected]

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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