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- LoopNet Team
13 W 20th St
Bayonne, NJ 07002
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Six - Two Bedroom Apartments
- All Utilities Are Separated (Heat, Hot Water, Gas and Electric)
- Major Developments Coming in a One to Two Block Radius
- Four Units Have No Rent Control With 15% Upside In Under Market Rents
- Two Blocks From 22nd Light Rail Station
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 4,800 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1900 |
| Building Class | C | ||
| Zoning | R-2 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,800 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | R-2 |
ABOUT 13 W 20TH ST , BAYONNE, NJ 07002
Marcus & Millichap has been selected on an exclusive basis to market for sale 13 West 20th Street in Bayonne, New Jersey. 13 West 20th is a six unit building consisting of six-two bedroom apartments. Each unit has separate heating and hot water tank-less heaters, separate cooking gas meters, and electric meters. Leaving tenants responsible for all utilities besides cold water an d s ewer. There is a tremendous amount of upside in the under market rents, that are approximately 15% below market. This upside could be captured in the first year of ownership as four of the units are free market and not under rent control. The subject offering is an opportunity for an investor to acquire a turn key investment in a strong market with major upside in the rent roll that is most rent control/landlord friendly than its surrounding cities.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
PROPERTY TAXES
| Parcel Number | 01-00216-0000-00012 | Improvements Assessment | $322,000 |
| Land Assessment | $250,000 | Total Assessment | $572,000 |
PROPERTY TAXES
