Franklin Terrace Condos Bloomfield New Jersey

Franklin Terrace Condos Bloomfield is a smaller building built around 1988.

It is located on Franklin near Montgomery St, or South on JFK to 1st driveway after Montgomery St into the parking lot. We have been told this building must be sold as a cash only transaction, not Fannie Mae approved and due to Covid 19 (2021″) restrictions unable to find portfolio lenders . Well maintained building with mostly 2 bedroom, 2 bath condos right in the center of downtown. in unit Laundry, each unit has their own heat and c/air, private storage room in basement.

Financials on Franklin Terrace Condos New Jersey

• Price Range – $295,000 + –
• Approx. Taxes: $6,000 + –
• Maintenance: $200 + – Maintenance-Common Area, Maintenance-Exterior, Sewer Fees, Snow Removal, Trash Collection, Water Fees

• BEFORE YOU BUY A CONDO…find some important things you should know
• See the last known management company
• See whether this community is FHA approved for financing

The Maintenance Fee, what does it typically pay for?

• Exterior maintenance, amenities, pool, guardhouse, gym, doorman etc.
• Snow removal & ground care
• Interior common area cleaning and maintenance
• Insurance of building, management fee.
• Capital improvement fund for roof, driveways walkway replacement.
• In an older garden apartment type and high rise building community the maintenance may  sometimes cover the heat and hot water.

Disclaimer: Estimated Maintenance & Taxes both change yearly in each complex and it would be remiss on our part to put an exact number since it may change at anytime. PLEASE VERIFY with our Community Specialist.

We DO NOT MANAGE this community
973-256-0303

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