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1246 McBride Ave - 3 Res units,Corner Lot,Central Business Dist 3 Unit Apartment Building Offered at $1,080,000 Woodland Park, NJ 07424
Investment Highlights
- Corner of two main roads
- neighbor to TD Bank, PNC Bank, Amazon Warehouse
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$75,000
|
$23.44
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$75,000
|
$23.44
|
| Taxes |
$11,776
|
$3.68
|
| Operating Expenses |
$6,000
|
$1.88
|
| Total Expenses |
$17,776
|
$5.56
|
| Net Operating Income |
$57,224
|
$17.88
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $75,000 |
| Annual Per SF | $23.44 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $75,000 |
| Annual Per SF | $23.44 |
| Taxes | |
|---|---|
| Annual | $11,776 |
| Annual Per SF | $3.68 |
| Operating Expenses | |
|---|---|
| Annual | $6,000 |
| Annual Per SF | $1.88 |
| Total Expenses | |
|---|---|
| Annual | $17,776 |
| Annual Per SF | $5.56 |
| Net Operating Income | |
|---|---|
| Annual | $57,224 |
| Annual Per SF | $17.88 |
Property Facts
| Price | $1,080,000 | Building Size | 3,200 SF |
| Price Per Unit | $360,000 | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 3 |
| No. Units | 3 | Year Built/Renovated | 1950/2017 |
| Property Type | Multifamily | Parking Ratio | 2.19/1,000 SF |
| Lot Size | 0.13 AC | ||
| Zoning | Central Business District | ||
| Price | $1,080,000 |
| Price Per Unit | $360,000 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Lot Size | 0.13 AC |
| Building Size | 3,200 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1950/2017 |
| Parking Ratio | 2.19/1,000 SF |
| Zoning | Central Business District |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | 1,100 |
| 1+1 | 1 | - | 1,000 |
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Property Taxes
| Parcel Number | 16-00117-0000-00001 | Total Assessment | $358,700 (2025) |
| Land Assessment | $97,700 (2025) | Annual Taxes | $11,776 ($3.68/SF) |
| Improvements Assessment | $261,000 (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
16-00117-0000-00001
Land Assessment
$97,700 (2025)
Improvements Assessment
$261,000 (2025)
Total Assessment
$358,700 (2025)
Annual Taxes
$11,776 ($3.68/SF)
Tax Year
2023
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1246 McBride Ave - 3 Res units,Corner Lot,Central Business Dist
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