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1116-1120 Anna St
Elizabeth, NJ 07201
Anna Apartments · Multifamily Property For Sale
·
41 Units
PROPERTY FACTS
| No. Units | 41 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 33,100 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1928 |
| Building Class | C | Parking Ratio | 10/1,000 SF |
| Zoning | N/A, Elizabeth | ||
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 33,100 SF |
| No. Stories | 5 |
| Year Built | 1928 |
| Parking Ratio | 10/1,000 SF |
| Zoning | N/A, Elizabeth |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
ABOUT 1116-1120 ANNA ST , ELIZABETH, NJ 07201
- Current market rents are about 22% below market - Landlord friendly rent control - 3.98% interest rate - 5-year term - 30-year amortization - Located approximately 0.5 miles from the Elizabeth Train Station which offer a 30-minute ride to Penn Station Manhattan - Rapidly growing multifamily market - Several nearby apartment complexes under construction - Easy access to Garden State Parkway, I-95, Route 1&9, Route 27 & more - Approx. 15-minute drive to Newark International Airport - Effective gross income of $508,392 representing a 5.58% cap rate at asking price and equaling a 4.89% leveraged cash-on-cash return - Currently 100% occupied - Recently renovated units with granite and stainless steel appliances, lobbies and security systems
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 41 | - | 750 |
PROPERTY TAXES
| Parcel Number | 04-00012-0000-00147 | Improvements Assessment | $2,419,500 |
| Land Assessment | $2,050,000 | Total Assessment | $4,469,500 |
PROPERTY TAXES
