1 month on rocket

317 Richmond St, Plainfield City, NJ, 07060

$1,590,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
4 Full Baths
Multi

Location

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317 Richmond St, Plainfield$1,590,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone, Detached Garage
Garage2 spaces
HeatingForced Air, Natural Gas
BasementYes
MLS #3924755
StatusActive

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 $6,000 per month. $2,700 CAM every quarter. Triple Net property. 12% cap rate.

Property Details

Property Features

Property Information:

  • Architectural Style: 2-Two Story, See Remarks

Listing Office:

  • Office Name: VRI HOMES
  • Office Phone: (800) 531-2885

Interior Features

Interior Information:

  • Appliances: Other
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 8

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: None, Detached Garage

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: gps richmond street

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,590,000
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Housing Market Comparison

See how this home compares to others in Plainfield, NJ.

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Plainfield, NJ

City

Med. Sold Price

$465K

Med. Price/SqFt

$303

Avg. Days On Market

21

# of Sold Homes

17

317 Richmond St vs Plainfield

57 DAYS ON ROCKET

+36 Days

$1,590,000

+$1.1M More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price in Plainfield, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3924755

Listing Office:

  • Office Name: VRI HOMES
  • Office Phone: (800) 531-2885

Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.

Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 8:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$8,003

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,833

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-240045
2
/10

  • Dewitt D. Barlow Elementary School

  • E Front St & Farragut Rd

  • 0.51 miles

  • Public District Grades KG-5

school-card-donut-240046
1
/10

  • Charles H. Stillman Elementary School

  • 201 W 4th St

  • 0.62 miles

  • Public District Grades KG-5

school-card-donut-240047
5
/10

  • East End Elementary School

  • 170 Oneida Ave

  • 0.66 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,675. The most common annual income of people living in Plainfield, NJ is less than $35k. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Union County›Plainfield›07060›317 Richmond St

This home is located at 317 Richmond St in Plainfield City, NJ and zip code 07060. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 18, 2024 and is currently priced at $1,590,000.

In October 2024, from all listings sold in Plainfield, NJ there were more than 15 sold above asking price, over 2 sold below and more than 0 were sold right at the asked price. Between September 2024 and October 2024, Plainfield, NJ real estate market has seen increase in the number of listings by 6.3%. The median list price of listings available in October 2024 was $465,000, while the average time on the real estate market was 21 days.

From Rocket Homes Real Estate and based on county public records data.

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