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Archived almost 5 years ago

$325,000

6+ bd 2 ba 0 sqft

289 Conklin Ave, Hillside, NJ 11598

Residential Duplex Occupied Off MLS

Current Rent **

$3,250

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $1,450
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 2 Details
  • Current Rent: $1,800
  • Bedroom: 4 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes

Turnkey Cash Cow! Meets 1% rule!

Huge 2 family home in Hillside NJ with parking near major highways and transportation. Gut renovation completed in 2018. Stainless steel appliances, granite counter tops and in immaculate condition. Off street parking which is a huge perk for renters. Fully rented with gross rents of $3,250. High yielding turnkey cash cow in a very hot market! And best of all it meets the 1% rule which is nearly impossible in this area.

Location:

289 Conklin Ave, Hillside, NJ 11598

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.