Rumson, NJ, November 11, 2019 --(PR.com
)-- RUMSON- Preferred Properties Real Estate is pleased to introduce to the market 28 Karen Drive in beautiful Tinton Falls, New Jersey. Michelle Arege-Coffenberg is representing the seller in the marketing of the condominium for $285,000.
Preferred Properties Real Estate is proud to present this 3 Bedroom, 2.5 bath end unit townhome, which is suitable for investors. Maintenance is only $100 per month and taxes are approximately $438 per month. Current rent is $2200 per month plus utilities, leaves a net income of $19,944 per year, which creates a 7% cap rate at the current asking price.
About Preferred Properties
The Coffenberg Family has owned real estate companies in the Monmouth County area since 1978. Preferred Properties Real Estate is a full service real estate brokerage dedicated to a long standing tradition of excellence. Through the use of their global network, comprehensive marketing strategies, strategic social networking tools and innovative search engine optimization techniques. Preferred Properties Real Estate provides its agents with the tools they need to provide maximum worldwide exposure for their clients. For more information on Preferred Properties Real Estate, please visit www.ppmoves.com.