About 374 Boyden Avenue
Exceptional opportunity to own a fully occupied, legal 3-family property in the highly desirable Township of Maplewood. This income-producing property features three spacious apartments with practical layouts, offering immediate rental income and long-term investment potential. Current gross rental income is $85,800 annually, with seller-reported recurring operating expenses resulting in an estimated Net Operating Income (NOI) of approximately $60,514 and an estimated 7.71% cap rate at the $785,000 asking price. Financial information is believed to be accurate but should be independently verified by purchasers. Conveniently located just minutes from Maplewood Village, NJ Transit train and bus service, Maplecrest Park, local shopping, restaurants and major highways.
Features of 374 Boyden Avenue
| MLS® # | 2702006R |
|---|---|
| Price | $785,000 |
| Year Built | 1924 |
| Type | Residential Income |
| Sub-Type | 3 Family |
| Status | Under Contract |
Community Information
| Address | 374 Boyden Avenue |
|---|---|
| City | Maplewood |
| County | Essex |
| State | NJ |
| Zip Code | 07040 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected |
|---|---|
| Parking | Garage, Attached, Detached, 1-2 Car Parking |
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Unit 1(3 Bedrooms,Kitchen,1 Bath,Living Room), Unit 2(Dining Room,2 Bedrooms,Kitchen,1 Bath,Living Room), Unit 3(2 Bedrooms,Kitchen,1 Bath,Living Room) |
|---|---|
| Appliances | Water Heater(Gas), Water Heater, Unit 1(Range/Oven,Refrigerator), Unit 2(Range/Oven,Refrigerator) |
| Heating | Baseboard, Radiant, Radiators-Steam, Steam |
| Cooling | Ceiling Fan(s),A/C Wall Unit(s),A/C Window Unit(s) |
| Fireplace | No |
| # of Stories | 3 |
| Has Basement | Yes |
| Basement | Partially Finished, Full, Bath Full, Storage Space, Utility Room, Laundry Facilities |
Exterior
| Exterior Features | Patio, Porch(es) - Enclosed, Porch(es) - Open, Deck, Fencing/Wall, Porch |
|---|---|
| Lot Description | Wooded, Level |
| Roof | Asphalt |
Additional Information
| Days on Market | 20 |
|---|
Listing Details
| Office | KELLER WILLIAMS VILLAGE SQUARE |
|---|