49-51 Caldwell Pl new Save Request In-Person Tour Request Virtual Tour
Springfield Twp.,NJ 07081
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,657 sqft
Price per Sqft $203
MLS Listing ID 3983926
Year Built 1934
Annual Tax Amount $21,344
Tax Year 2024
Lot Size 10,018 Sqft
Property Description
Rare investment opportunity! This unique property offers FIVE income-producing units all on one parcel, making it an ideal addition to any portfolio. The package includes four 1-bedroom apartments with a passing DCA inspection plus a detached single-family home, providing a versatile mix of rental options to attract a variety of tenants.The four apartments are well-proportioned, each with a comfortable living room, bedroom with a flex room (office/walk in closet), kitchen and bath. The single-family home offers flexibility, perfect for an owner-occupant, or long-term tenant. Together, the property can provide steady rental income with the added benefit of diversification across multiple units. Whether you're looking to expand your portfolio or start with a strong investment, this property checks the boxes: multiple units, income potential, and long-term value. Located near shopping, dining, and commuter routes to NYC - Opportunities like this don't come along often " five units, one property, and endless potential. 4 units are occupied with long term tenants, now month to month and rent controlled. Home is NOT under rent control -Separate utilities for all - natural gas, 1 new apt furnace - some updated windows. Owner pays water/sewer for apts only. Selling as-is. Cap rate of 6.93 includes potential rent for SF (now vacant) at approx $2800/month - needs updating. Basement offers individual locked storage for apts. Buyer to get town inspections.
Location
State NJ
County Union
Zoning S60
Rooms
Basement Bilco-Style Door, Full, Unfinished, Walkout
Interior
Heating Gas-Natural
Cooling No Cool
Equipment Appliances, Smoke Detector
Heat Source Gas-Natural
Exterior
Exterior Feature Aluminum,Brick
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Building
Story 2
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple