Property Information 36-38 Merwin Street
- Zip Code06850
- TypeMulti Family
- Total Rooms20
- Sq. Ft.4, 068.00
- BasementStorage, Unfinished
- AtticAccess Via Hatch
- Exterior FeaturesNone
- Parking On Street Parking
- Garage Space0
- HeatingHot Air
- CoolingCentral Air
- WaterPublic Water Connected
- SewerPublic Sewer Connected
- Year Built1930
- High SchoolPer Board of Ed
- Estimated Taxes$9, 747
- Assesment$318, 250
Rare legal 5 family opportunity in trendy West Ave revitalized location. Two homes on one lot. #38 Merwin has two 1 bedroom units and #36 has three 2 bedroom units. All units totally renovated from A to Z in turn key condition. Fully leased with long term tenants. Nicely landscaped attractive corner lot. Separate utilities & central air plus washer and dryers facilities. Extremely low maintenance. Walk to everything, all major routes, trendy restaurants, newly opened palace theater. Pro forma capitalized at 6.5% return. Pro Forma Net Operating income - $73,203
Current Total monthly income: $7,420 / Current Total gross Income per year: $89,040
Actual Net Operating Income: $68,343
Total Expenses: per year $20,697
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Listing courtesy of: Ann Rosati, William Raveis Real Estate
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