RateMyAgentGo to search
Back 2219 Park Avenue
Active

2219 Park Avenue

South Plainfield NJ 07080

3
4050 sq. ft.
16117 sq. ft.
Other
Currently for sale - view listing

Overview

INVESTORS: This five-unit, mixed residential / commercial building has a cap-rate of 6.8%, bringing in a gross rent of $7,100 a 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 $1,775 and a waxing studio for $850. The upstairs apartments are both two bed, one baths rented for $1,525 and $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 corner of a major junction, so have plenty of curbside visibility. Total gross rent is $85,200 and expenses are $26,836. Included in expenses are the following: Professionals Fees ( Fire Alarm Inspection & Monitoring)

Features

3 bedrooms
4050 sq. ft. floor area
16117 sq. ft. lot size
Other

Happy sellers in South Plainfield

~%

We have insufficient information to provide an overview of customer satisfaction for South Plainfield. Viewing the agent profiles, reviews and sales for South Plainfield can provide insights for this location.

Local market activity for 3 bedroom other properties in South Plainfield

RateMyAgent
Sales:
(619) 566-0008
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsLicensingSitemap