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1278-1280 Clinton Ave 41 Unit Apartment Building For Sale 6.40% Cap Rate Irvington, NJ 07111
INVESTMENT HIGHLIGHTS
- Laundry facilities
- New elevator
- Unit mix includes large, separate eat-in kitchen
- Indoor parking garage
- New high-efficiency boilers
- Beautiful hardwood floors
EXECUTIVE SUMMARY
The property is a five-story, brick, elevator building containing 41 apartments. There is a garage for underground parking.
PROPERTY FACTS Under Contract
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.40% | Lot Size | 0.34 AC |
| No. Units | 41 | Building Size | 33,720 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1951 |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 33,720 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 1951 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Community-Wide WiFi
- Online Services
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Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 09-00032-0000-00003 | Improvements Assessment | $1,403,200 |
| Land Assessment | $1,470,000 | Total Assessment | $2,873,200 |
PROPERTY TAXES
Parcel Number
09-00032-0000-00003
Land Assessment
$1,470,000
Improvements Assessment
$1,403,200
Total Assessment
$2,873,200
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1278-1280 Clinton Ave
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