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Newark-University Heights Multifamily 101 Camden St 12 Unit Apartment Building $1,600,000 ($133,333/Unit) 7.90% Cap Rate Newark, NJ 07103
INVESTMENT HIGHLIGHTS
- 12 Unit Apartment Building Positioned Directly Across From University Hospital
- Located In The University Heights Neighborhood Within Walking Distance of Rutgers University-Newark, NJIT, Essex County College and Seton Hall Law
- Value-Add Opportunity With 36 % Upside in Under Market Rents
- Excellent Transit Connectivity
EXECUTIVE SUMMARY
Offering the 12-unit, 11,400 SF multi-family property located In The University Heights Neighborhood Within Walking Distance of Rutgers University-Newark, NJIT, Essex County College and Seton Hall Law.
PROPERTY FACTS
| Price | $1,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $133,333 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 7.90% | Building Size | 11,400 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1900/2010 |
| Price | $1,600,000 |
| Price Per Unit | $133,333 |
| Sale Type | Investment |
| Cap Rate | 7.90% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.08 AC |
| Building Size | 11,400 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2010 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | 761 |
1 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 14-00259-0000-00031 | Improvements Assessment | $800,000 |
| Land Assessment | $240,000 | Total Assessment | $1,040,000 |
PROPERTY TAXES
Parcel Number
14-00259-0000-00031
Land Assessment
$240,000
Improvements Assessment
$800,000
Total Assessment
$1,040,000
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Newark-University Heights Multifamily | 101 Camden St
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