36 Edison Street Bloomfield, NJ 07003

Building Details

Year Built

1910

Listing Agency KELLER WILLIAMS VALLEY REALTY m***@kw.com Show Phone

Listed by MICHAEL GUARRIELLO · License #299642 Show Phone

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Added: Mar 10 Updated: Jul 10 at 12:13 pm Checked: Jul 19 at 5:23 am

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Investment Insights

Based on property information with market context.

This two-family property in Bloomfield presents an opportunity for either homeowners or investors. The property features a one-bedroom, one-bathroom unit on the first floor and a two-bedroom, one-bathroom unit on the second floor. The gross rental income is $56,400, yielding a 6.7% cap rate. The layout allows for the possibility of living in one unit while renting out the other for additional income. Each apartment has separate gas and electric meters. Heat and hot water are shared, with separate thermostats, and the second-floor tenant is responsible for payment. The landlord covers the water bill. A shared washer and dryer are located in the basement, which also houses all utilities. A detached two-car garage, approximately 550 square feet with high ceilings, is included, along with access to a half-bath in the basement.

Key Highlights

• High gross rental income of $56,400 with a 6.7% cap rate.
• Two separate units: a 1 bed/1 bath and a 2 bed/1 bath.
• Opportunity to live in one unit and rent out the other.

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FAQs

What type of property is this?

Duplex - Two-family property in Bloomfield with rental income potential.

Where is this duplex located?

The property is located at 36 Edison Street Bloomfield, NJ.

What is the asking price?

The asking price for this property is $575,000.

What are key features of this property?

This property features: High gross rental income of $56,400 with a 6.7% cap rate.; Two separate units: a 1 bed/1 bath and a 2 bed/1 bath.; Opportunity to live in one unit and rent out the other.