344 Kearny Ave - Rooming House
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344 Kearny Ave - Rooming House
2,150 SF Specialty Building Offered at $899,000 at a 7% Cap Rate in Kearny, NJ 07032
INVESTMENT HIGHLIGHTS
- 11 Room Rooming Home 100% Occupied
EXECUTIVE SUMMARY
$899,000 - 11 Room Rooming House is Well Maintained and 100% occupied. Amazing Income $7790 per month +/-, completely renovated in 2017. Property has security cameras, sprinkler system Installed. All Furniture in each room matches and includes Bed, mattress, nightstand, chest, and dresser. This is a great income producing property it is Legal and State Certified, no restrictions, Landlord pays all utilities and internet for tenants. Gross income per year is $93,480, Expenses & Taxes $15,017, Insurance approximately $2,700 and utilities $7,028. 7% Cap Rate.
PROPERTY FACTS
| Price | $899,000 | Building Class | C |
| Price Per SF | $418.14 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 2,150 SF |
| Cap Rate | 7% | No. Stories | 2 |
| Property Type | Specialty | Year Built/Renovated | 1900/1939 |
| Property Subtype | Residential Income |
| Price | $899,000 |
| Price Per SF | $418.14 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 2,150 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1900/1939 |
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Walk Score®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 07-00231-0000-00002 | Improvements Assessment | $129,700 |
| Land Assessment | $17,100 | Total Assessment | $146,800 |
PROPERTY TAXES
Parcel Number
07-00231-0000-00002
Land Assessment
$17,100
Improvements Assessment
$129,700
Total Assessment
$146,800
ZONING
| Zoning Code | C-3 |
| C-3 |
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344 Kearny Ave - Rooming House
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