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Anna Apartments 1116-1120 Anna St 42 Unit Apartment Building $5,500,000 ($130,952/Unit) Elizabeth, NJ 07201
INVESTMENT HIGHLIGHTS
- Brick elevator building in the city center
- Current rent roll is $155,000 below fair-market value
- Professionally managed by local family office
- Prime location 2.5 blocks from Broad Street Train Station
- Residential neighborhood across from Jefferson Park
EXECUTIVE SUMMARY
The subject property is a 5.5 story brick elevator building consisting of 41 residential units and is located 2 blocks from the Broad St. train station. The average rent is approximately 25% below fair-market value.
PROPERTY FACTS
| Price | $5,500,000 | Building Class | C |
| Price Per Unit | $130,952 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 33,600 SF |
| No. Units | 42 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | Parking Ratio | 10/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | N/A, Elizabeth | ||
| Price | $5,500,000 |
| Price Per Unit | $130,952 |
| Sale Type | Investment |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 33,600 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
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 42 | - | 750 |
1 1
Walk Score®
Walker's Paradise (90)
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
Parcel Number
04-00012-0000-00147
Land Assessment
$2,050,000
Improvements Assessment
$2,419,500
Total Assessment
$4,469,500
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Anna Apartments | 1116-1120 Anna St
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