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204 Montrose Ave 4 Unit Apartment Building Offered at $1,967,650 CAD at a 7.24% Cap Rate South Plainfield, NJ 07080
Executive Summary
Don't miss this turnkey multi-family investment located in a quiet, well-established neighborhood. This fully occupied 4-unit apartment building offers a strong CAP rate and consistent rental income from reliable, long-term tenants. Renovated in 2020, the property features updated interiors, modern finishes, and low-maintenance systems. Plenty of parking spaces for tenants. With solid cash flow from day one, this is a perfect addition to any investor's portfolio!
Please Contact Sarah Lee at 201-618-6830
Please Contact Sarah Lee at 201-618-6830
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$143,458
|
$32.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$143,458
|
$32.17
|
| Taxes |
$19,958
|
$4.47
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$19,958
|
$4.47
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $143,458 |
| Annual Per SF | $32.17 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $143,458 |
| Annual Per SF | $32.17 |
| Taxes (CAD) | |
|---|---|
| Annual | $19,958 |
| Annual Per SF | $4.47 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $19,958 |
| Annual Per SF | $4.47 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
1 1
Property Taxes
| Parcel Number | 22-00407-0000-00014 | Total Assessment | $283,749 CAD |
| Land Assessment | $64,322 CAD | Annual Taxes | $19,958 CAD ($4.47 CAD/SF) |
| Improvements Assessment | $219,427 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
22-00407-0000-00014
Land Assessment
$64,322 CAD
Improvements Assessment
$219,427 CAD
Total Assessment
$283,749 CAD
Annual Taxes
$19,958 CAD ($4.47 CAD/SF)
Tax Year
2025
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204 Montrose Ave
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