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88 Broughton Ave

Bloomfield Twp., NJ 07003
  • $1,152,000
  • STATUS: Active
  • ON SITE: 88 Days
  • MLS #: 3782444
UPDATED: 22 min ago
$1,152,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,400
    SQFT
  • $180
    $/SQFT
Type:
Commercial
Built:
1906
County:

School Ratings & Info

Description

Great investment property! Building features six apartments and two commercial spaces that are fully rented. Property is well maintained and has potential for long term growth. Rents: Unit 1B $1,250/mo.; Unit 2 $1,225/mo.; Unit 3 $1,400/mo.; Unit 4 $1,075/mo.; Unit 5 $1,100/mo.; Unit 6 $1,175/mo.; Comm. Unit 88 $575/mo.; Comm. Unit 90 $1,000/mo. SQFT: Unit 1B - 600; Unit 2 - 500; Unit 3 - 500; Unit 4 - 600; Unit 5 - 600; Unit 6 - 450; Comm. Unit 88 - 400; Comm. Unit 90 - 900. Opportunity to increase rents to market rate. Cap rate 5.91%.Gross Annual Income: $105,600, Operating Expenses: $37,460, Net Operating Income: $68,140

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Garden State MLS logo © 2022 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Braconi | Christie's International Real Estate | Northern New Jersey. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Team Braconi | Christie's International Real Estate | Northern New Jersey are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-08-13T13:46:47.687.
www.teambraconihomesales.com/homes/128761955
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88 Broughton Ave Bloomfield Twp., NJ 07003

  • Price: $1,152,000
  • Status: Active
  • On Site: 88 Days
  • Updated: 22 min ago
  • MLS #: 3782444
0
Beds
0
Baths
0
½ Baths
0.15
Acres
6,400
SQFT
$180
$/SQFT
1906
Built
County:
Essex
Area:
Bloomfield Twp.
Property Description
Great investment property! Building features six apartments and two commercial spaces that are fully rented. Property is well maintained and has potential for long term growth. Rents: Unit 1B $1,250/mo.; Unit 2 $1,225/mo.; Unit 3 $1,400/mo.; Unit 4 $1,075/mo.; Unit 5 $1,100/mo.; Unit 6 $1,175/mo.; Comm. Unit 88 $575/mo.; Comm. Unit 90 $1,000/mo. SQFT: Unit 1B - 600; Unit 2 - 500; Unit 3 - 500; Unit 4 - 600; Unit 5 - 600; Unit 6 - 450; Comm. Unit 88 - 400; Comm. Unit 90 - 900. Opportunity to increase rents to market rate. Cap rate 5.91%.Gross Annual Income: $105,600, Operating Expenses: $37,460, Net Operating Income: $68,140
Exterior Features

Approximate Lot Size 42 X 159 Construction Brick/Block Exterior Description Vinyl Siding Location Residential Area Lot Description Irregular Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description Off-Street ParkingParking Lot-ExclusiveSee Remarks Roof Description Asphalt ShingleFlat

Interior Features

Basement Yes Basement Description Unfinished Cooling No Cool Equipment Available Restrooms - PrivateSmoke Detector Heating 4+ Units Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 9 Office Sq Ft 1300

Property Features

Expenses Include InsuranceSnow RemovalTaxesWater/Sewer For Sale Or Lease For Sale Free Rent No Fuel Type GasnaturOilabin Gross Operating Income 105600 Lease Type Gross Net Operating Income 68140 Owner Pays SewerSnow RemovalWater Primary Property Type Mixeduse Property Type Mixed UseOffice/ApartmentsSee Remarks Sale Includes Building & Land Sewer Public Sewer Suite Number 0 Tax Amount 16118 Tax Rate Amount 3.143 Tax Rate Year 2021 Tax Year 2021 Tenant Pays Cable T.V.ElectricGasHeatHot Water Total Operating Expense 37460 Utilities ElectricGas In Street Utilities Paid By Tenant Water Public Water Year Built Description Approximate Zoning B-2

Listing information © 2022 Garden State Multiple Listing Service,LLC.
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Garden State MLS logo © 2022 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Braconi | Christie's International Real Estate | Northern New Jersey. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Team Braconi | Christie's International Real Estate | Northern New Jersey are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-08-13T13:46:47.687.
 
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