Olivier Louis

Broker Owner
ReMax First Realty II
908-664-1500
Licensed In: NJ

GREAT INCOME PRODUCING 3 FAMILY HOME LOCATED ON THE HIGH & DRY SIDE OF MANVILLE WITH ENDLESS POSSIBILITIES. THESE 3 UNITS ARE IN TWO SEPARATES HOMES. DRIVEWAY FOR 4+ CARS. ONE CONSISTING OF 2 UNITS TOGETHER AND THE 3RD UNIT IN LIKE A 1 BEDROOM BUNGALOW WITH FULL BASEMENT AND CENTRAL AIR. THE MAIN HOUSE IS A 2 BEDROOM APARTMENT ON THE 1ST FLOOR WITH EIK, PANTRY, ENCLOSED PORCH, DECK, AND LAUNDRY/STORAGE ACCESS IN THE BASEMENT. SECOND FLOOR IS A 1 BEDROOM APARTMENT WITH KITCHEN, LIVING RM, & BEDROOM. BOTH HOMES ARE WELL MAINTAINED OVER THE YEARS NEEDING A LITTLE TLC. ALL UTILITIES ARE SEPARATE WITH PROPERTY TAXES AT $7,955. CURRENT CAP RATE IS ABOUT 9% WITH BELOW-MARKET RENTS IN A TOTAL OF $3,200 A MONTH. DON’T LET THIS DEAL PASS YOU BY, INQUIRE IMMEDIATELY.