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Listed By Bergen County Broker---Carmelo "Sell w/Mel" Oliveri

By Blast Realty & Oliveri Development LLC R/E Broker & General Contractor

Real Estate Agent with Blast Realty

April 10, 2011 04:14 PM

159 CENTRAL AVE

HACKENSACK, NJ

Cash Cow, Investment Property, Hackensack NJ

Multi-Family, 6 units

$499,000

Year Built	1939
Sq Footage	Unspecified
Floors	3
Parking	Unspecified
Lot Size	1 sqft
Maint	$0 per month

Description

WELL CARED FOR INVESTORS DREAM 6FAM PROPERTY CENTRALLY LOCATED W/ 3BRS PER UNIT. UNIT 1-$782 UNIT 2- $1000, UNIT 3- $950, UNIT 4- $1000, UNIT 5- $1000, UNIT 6-$850. ANNUAL GROSS $66,984, EXPENSES TAXES $11,1114/YR, OIL $9600/YR, UTILS (WATER, ELECTRIC) $3000/YR, MAINTENANCE $1200/YR, INSURANCE $2000 TOTAL EXPENSES $26,914/YR NET INCOME $40,070/YR NEW OIL TANK 1995/96, REFURBISHED FURNACE 3MOS OLD, ROOF ABOUT 10YRS OLD DO SOME UPDATES TO APARTMENTS AND INCREASES RENT ROLL.

Additional Photos