BUY THIS 2-FAMILY HOME AND LET YOUR TENANT PAY YOUR MORTGAGE, or almost all of it! INVESTORS-opportunity for good ROI Well-built duplex modeled on Cape Cod style. 3 BRs 1 Ba in ea unit. Current Cap Rate 8.4%. Could be 12.95%+ with a little TLC . FULL Unfinished basements with walkouts. Oil Heat. Both Units currently rented month to month UNDER MARKET VALUE at $1200 per mo. Rent with unfinished basement should be $1600 after some TLC, more if basement is finished. Poured concrete foundation. Individual decks. Two above ground oil tanks. NOTE: interior pictures of Unit 1 only & not current. Septic plan shows 4 bedroom system design.

Approximate Lot Size .48 AC Exterior Description Vinyl Siding Exterior Features Deck Lot Description Corner Number Of Parking Spaces 6 Parking Driveway Description GravelOff-Street Parking Roof Description Asphalt Shingle

Basement Yes Basement Description FullUnfinishedWalkout Cooling None Heating 2 UnitsBaseboard - Hotwater Interior Features Carbon Monoxide DetectorCarpetingFire ExtinguisherSmoke DetectorVinyl-Linoleum Floors Total Number Of Rooms 10 Unit1 Appliances Equipment Carbon Monoxide DetectorDishwasherKitchen Exhaust FanRange/Oven - ElectricRefrigeratorSelf-Cleaning OvenSmoke Detector Unit1 Baths 1.0 Unit1 Bedrooms 3 Unit1 Fireplaces 1 Unit1 Handicap Modified No Unit1 Levels 3 Unit1 Room Description BedroomsEat-In KitchenLiving RoomStorageUtility Room Unit1 Rooms 5 Unit1 Security Deposit 1200 Unit1 Sq Ft 0 Unit2 Appliances Equipment Carbon Monoxide DetectorDishwasherKitchen Exhaust FanRange/Oven - ElectricRefrigeratorSelf-Cleaning OvenSmoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 1 Unit2 Levels 3 Unit2 Room Description BedroomsEat-In KitchenLiving RoomStorageUtility Room Unit2 Rooms 5 Unit2 Sq Ft 0

Assessment Total 225400 Building Assessment 190500 Building Number 127 Easement Unknown Exclusions Tenants Personal Property Expenses Include InsuranceMaintenanceTaxes Fha Age Restricted No Fuel Type Oilabin Gross Operating Income 28800 Land Assessment 34900 Net Operating Income 18251 Services Cable Tv AvailableGarbage Extra Charge Sewer Septic Tax Amount 6579 Tax Rate Amount 2.818 Tax Rate Year 2019 Tax Year 2020 Total Operating Expense 10549 Unit Style 2-Two StoryDuplex-Side By Side Unit1 Owner Tenant Pays Tenant Pays ElectricTenant Pays HeatTenant Pays Water Unit1 Rent 1200 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Tenant Pays ElectricTenant Pays HeatTenant Pays Water Unit2 Rent 1200 Unit2 Security Deposit 1800 Utilities All UndergroundElectric Water Public WaterWater Charge Extra Water Heater ElectricFrom Furnace Year Built Description Approximate Zoning R-4

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127 Hemlock , A&B

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127 Hemlock , A&B Montague Twp., NJ 07827

Property Description

Approximate Lot Size	.48 AC
Exterior Description	Vinyl Siding
Exterior Features	Deck
Lot Description	Corner
Number Of Parking Spaces	6
Parking Driveway Description	Gravel Off-Street Parking
Roof Description	Asphalt Shingle

Basement	Yes
Basement Description	Full Unfinished Walkout
Cooling	None
Heating	2 Units Baseboard - Hotwater
Interior Features	Carbon Monoxide Detector Carpeting Fire Extinguisher Smoke Detector Vinyl-Linoleum Floors
Total Number Of Rooms	10
Unit1 Appliances Equipment	Carbon Monoxide Detector Dishwasher Kitchen Exhaust Fan Range/Oven - Electric Refrigerator Self-Cleaning Oven Smoke Detector
Unit1 Baths	1.0
Unit1 Bedrooms	3
Unit1 Fireplaces	1
Unit1 Handicap Modified	No
Unit1 Levels	3
Unit1 Room Description	Bedrooms Eat-In Kitchen Living Room Storage Utility Room
Unit1 Rooms	5
Unit1 Security Deposit	1200
Unit1 Sq Ft	0
Unit2 Appliances Equipment	Carbon Monoxide Detector Dishwasher Kitchen Exhaust Fan Range/Oven - Electric Refrigerator Self-Cleaning Oven Smoke Detector
Unit2 Baths	1.0
Unit2 Bedrooms	3
Unit2 Fireplaces	1
Unit2 Levels	3
Unit2 Room Description	Bedrooms Eat-In Kitchen Living Room Storage Utility Room
Unit2 Rooms	5
Unit2 Sq Ft	0

Assessment Total	225400
Building Assessment	190500
Building Number	127
Easement	Unknown
Exclusions	Tenants Personal Property
Expenses Include	Insurance Maintenance Taxes
Fha Age Restricted	No
Fuel Type	Oilabin
Gross Operating Income	28800
Land Assessment	34900
Net Operating Income	18251
Services	Cable Tv Available Garbage Extra Charge
Sewer	Septic
Tax Amount	6579
Tax Rate Amount	2.818
Tax Rate Year	2019
Tax Year	2020
Total Operating Expense	10549
Unit Style	2-Two Story Duplex-Side By Side
Unit1 Owner Tenant Pays	Tenant Pays Electric Tenant Pays Heat Tenant Pays Water
Unit1 Rent	1200
Unit2 Handicap Modified	No
Unit2 Owner Tenant Pays	Tenant Pays Electric Tenant Pays Heat Tenant Pays Water
Unit2 Rent	1200
Unit2 Security Deposit	1800
Utilities	All Underground Electric
Water	Public Water Water Charge Extra
Water Heater	Electric From Furnace
Year Built Description	Approximate
Zoning	R-4