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Image 1 - 2219 Park Ave, South Plainfield, New Jersey, 07080 - House for sale
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Home For Sale In South Plainfield, New Jersey
2219 Park Ave, South Plainfield, New Jersey, 07080

Home For Sale In South Plainfield, New Jersey

house for sale
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Listed: 06/17/24

2219 Park Ave, South Plainfield, New Jersey, 07080

6 Bed:
4,050 Sq Ft Living Area:
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Price
$ 850,000

About This House

Investors: This five-unit, mixed residential / commercial building has a cap-rate of 6.8%, bringing in a gross rent of$7, 100a month (although this can be increased if the residential units are updated and the back detached properties designation changes). The entire unit is currently rented to a barber shop for$1, 775and a waxing studio for $850. The upstairs apartments are both two bed, one baths rented for$1, 525and$1, 425.In the rear is an additional detached property that is currently used as a residential unit but can be converted into a commercial space (medical is approved zoning) for$1, 525.All units have their own boilers and pay for their own utilities. The properties have 21-23 parking spots and are right on the …  Full description

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South Plainfield Housing & Living

Household Income

Median household income: $91,889
Number of households: 7,888
The average household income in South Plainfield, NJ declined from $91,957 to $91,889 in the past year. This data is an estimate based upon 7,888 households in South Plainfield, NJ.
The chart below presents how household income is distributed in South Plainfield, NJ in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in South Plainfield, NJ compared to median property taxes around the country. The prevalent amount of property taxes in South Plainfield, NJ equals $3k+ , which is more than the national average.