$10,000 Closing Credit¹
Marc A Sorrentino, Listing Office: VRI Homes
$10,000
closing credit¹
317 Richmond St Plainfield City, NJ 07060
$1,590,000 List price
$10,000
Closing credit¹
10 beds
4 full
Multi-Family
Property details
About 317 Richmond St
Cash cow and cash flow positive investment property located in Plainfield, NJ. Four apartments and 1 commercial space. Three of the apartments have been totally renovated within the last two months. Apartment 1 is two bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas. Apartment 2 is two bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas. Apartment 3 is thre bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas. Apartment 4 is three bedrooms and one full bathroom. Occupied. $2,200 per month. Tenant pays electric and gas. Garage has two bays and is leased for $5,000 per month. $500 CAM every month. Triple Net property. 13% cap rate.
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
BasementYes
Year built1955
ParkingOn-Street Parking
MLS #3941348
Summary
- MLS Number: 3941348
- Office Name: VRI HOMES
- Office Phone: (800) 531-2885
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Last updated on: 1/17/2025, 10:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,590,000
317 Richmond St
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
2
Dewitt D. Barlow Elementary School
Public District KG-5
0.5 mi
•E Front St & Farragut Rd
1
Charles H. Stillman Elementary School
Public District KG-5
0.6 mi
•201 W 4th St
5
East End Elementary School
Public District PK-4
0.7 mi
•170 Oneida Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $41,675. The majority of Plainfield City, NJ residents have income less than $<35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
44%
<35k
38%
35k-100k
16%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
52%
Single, No Kids
20%
Single, with Kids
12%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
8%
12-17 yrs old
26%
18-34 yrs old
36%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Figure Skating
Continuing Education Courses
Where do the neighbors shop?
Burlington
Family Dollar
Express/Express For Men
Where do the neighbors go to eat?
Popeyes
Church's Chicken
Qdoba
What do the neighbors drive?
Dodge
Cadillac
Volkswagen
What do the neighbors listen to?
Urban Contemporary
Jazz
Rock
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 317 Richmond St in Plainfield City, NJ and zip code 07060. Features: 10 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since January 15, 2025 and is currently priced at $1,590,000.
In December 2024 more than 14 listings in Plainfield City, NJ were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 2 were sold below. The number of listings in Plainfield City, NJ decreased by 2.5% between November and December 2024. In December 2024, listings were on the market for 33 days. During the same period, the median list price in this real estate market was $485,000.
From Rocket Homes Real Estate and based on county public records data.