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100 Claremont Ave - 100 Claremont Ave 3 Unit Apartment Building Offered at $900,000 Verona, NJ 07044
Executive Summary
Stabilized 3-unit property delivering strong current income with built-in upside. All units leased, generating $4,887.50/month in residential rents plus $230/month from a separately rented garage $61,410 gross annually.Unit mix: two 2-bedroom/1-bath and one 1-bedroom/1-bath. All units separately metered with tenants paying their own utilities, keeping operating expenses low and cash flow predictable. In-basement laundry, plus assigned parking for each unit.Current rents are below market comparable units in Verona support an additional $200/month per unit at lease expiration, providing a clear path to increased returns without renovation. Lease expirations stagger through 2026, offering stabilized income today with natural rent reset opportunities ahead.Verona's rental demand remains strong, driven by top-rated schools, a walkable downtown, and direct NYC transit access fundamentals that support low vacancy and durable long-term returns.A clean, income-producing asset in a high-demand market. Perfect for the buy-and-hold investor looking to add a performing property to their portfolio.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $900,000 | Building Size | 4,000 SF |
| Price Per Unit | $300,000 | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 3 |
| No. Units | 3 | Year Built | 1921 |
| Property Type |
| Price | $900,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | |
| Building Size | 4,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1921 |
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Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 20-00807-0000-00029 | Total Assessment | $448,100 |
| Land Assessment | $220,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $228,100 | Tax Year | 2025 |
Property Taxes
Parcel Number
20-00807-0000-00029
Land Assessment
$220,000
Improvements Assessment
$228,100
Total Assessment
$448,100
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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100 Claremont Ave - 100 Claremont Ave
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