The median home value in Plainfield, NJ is $356,000.
This is
lower than
the county median home value of $450,000.
The national median home value is $308,980.
The average price of homes sold in Plainfield, NJ is $356,000.
Approximately 46% of Plainfield homes are owned,
compared to 46% rented, while
8% are vacant.
Plainfield real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Plainfield real estate agent to arrange a tour today! Learn more about Plainfield.
Just reduced. Cap rate is over 8.5%. All units are rented. Current rent roll is is approximately $12k per month. This property includes 2 residential units each consisting of 3 bdrm/1 bathroom apartments. An operating hair salon, smoke shop, biker's club, and a construction contractor's office. Enjoy the revenues with little or nor work as almost everything has been renovated. New HVAC system, new roof, boiler. Each unit as separate utilities. 3 units have brand new Central A/C. A dedicated 5 car parking lot is in the rear of the building. On-street parking is also available. The roof was replaced in 2021, so less than 3 years old. All retail/residential units were all renovated recently and so this is as turnkey as they come. Lots of storage in this building as there are several basements. The construction contractor's office is owned by the seller, so they can move if you would like to occupy this retail space or they can sign a lease agreement. Yearly gross income - $136k, Expenses - $42k, Net operating income = 94k
Building for sale . Currently being used as a nonprofit organization. Across the street from a House of worship . The highest and best use is to convert Building to residential apartments or knock down and put up approx. 21 apartments units or more . Seller will allow buyer to go for needed variances and site plans for all approvals. Seller will not pay for any approvals nor go for any variances. The buyer would be responsible to talk with Planning and Zoning for "special Redevelopment permission " The property is currently in a R-2 Single family and two-family zoning . Another option would be to convert to a school or place of education, but city approval would be required
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.
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The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.
