88 Broughton Ave

Bloomfield Twp, 07003-3906

$1,152,000

$1,152,000
Active
Active
 - For Sale
baths
4.5 Baths
property_type
Other
calendar
Built 1906
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 - 600; Unit 3 - 900 ; 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
MLS® ID:
3782444
Updated:
10/2/22

Interior Features

Total Bedrooms
0
Total Bathrooms
4.5
Cooling
No Cool
Heating
4 Units

Exterior/Building Features

Lot Size
6,534 ft² lot
Lot Details
Irregular Lot
Roof
Asphalt Shingle, Flat
Sewer
Public Sewer

Other Property Details

Taxes
$16118
Tax Frequency
per YEAR
Garage
Yes
Garage Spaces
10
Parking
Y
View
N
County
Essex
Utilities
Electric, Gas In Street
Water Source
Public Water
Pool
No
Total Stories
2
Zoning
B-2

 

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