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15 Unit | Investment Sale | Market Rate Units 12-56 River Rd 14 Unit Apartment Building $4,500,000 ($321,429/Unit) 6.15% Cap Rate Fair Lawn, NJ 07410
INVESTMENT HIGHLIGHTS
- This exceptional investment provides 15 units of income-producing potential, with 4 retail storefronts, an office suite, and 10 apartments.
- Increased rents now show a 6.32% cap rate, with easy escalations year over year providing a cash-flowing investment with growth potential.
- Positioned on the main thoroughfare of Fair Lawn, the storefronts enjoy heavy retail foot traffic.
- 25 parking spaces are included, providing a convenient option for both residents and retail customers.
EXECUTIVE SUMMARY
The Elia Realty Group (ERG) powered by KW Commercial, are proud to present an exciting new investment sale opportunity in Fair Lawn, NJ.
Located just miles from New York City, this mixed-use retail and residential investment is prime for a savvy or novice investor. The property consists of 15 total units, with a breakdown of four (4) retail storefront spaces, an office suite, and ten (10) residential apartments. The building is all brick consisting of approximately 13,469 square feet on three floors and was built in 2007. The property has been maintained in excellent condition throughout its ownership lifetime.
With ability to consistently escalate rents in an attractive Northern, NJ town, this investment is ready for a buyer looking to purchase on a 1031 exchange, or to park money and watch it grow year over year.
Located just miles from New York City, this mixed-use retail and residential investment is prime for a savvy or novice investor. The property consists of 15 total units, with a breakdown of four (4) retail storefront spaces, an office suite, and ten (10) residential apartments. The building is all brick consisting of approximately 13,469 square feet on three floors and was built in 2007. The property has been maintained in excellent condition throughout its ownership lifetime.
With ability to consistently escalate rents in an attractive Northern, NJ town, this investment is ready for a buyer looking to purchase on a 1031 exchange, or to park money and watch it grow year over year.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Microwave
- Heating
- Ceiling Fans
- Crown Molding
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- Vaulted Ceiling
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Wi-Fi
- Yard
- Den
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Laundry Facilities
- On-Site Retail
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,913 | 700 - 875 |
| 1+1.5 | 2 | $2,050 | 700 - 875 |
| 2+1.5 | 6 | $2,400 | 800 - 985 |
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Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 17-05613-0000-00010 | Improvements Assessment | $1,280,400 |
| Land Assessment | $742,500 | Total Assessment | $2,022,900 |
PROPERTY TAXES
Parcel Number
17-05613-0000-00010
Land Assessment
$742,500
Improvements Assessment
$1,280,400
Total Assessment
$2,022,900
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15 Unit | Investment Sale | Market Rate Units | 12-56 River Rd
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