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140 Rt-7 8 Unit Apartment Building For Sale Nutley, NJ 07110
INVESTMENT HIGHLIGHTS
- Situated in the heart of a thriving Essex County township. Less than 30minute commute to Manhattan
- Longtime, family ownership. New boiler and hot water heater
- Easy access to major highways including Route 21, the Garden State Parkway, and Route 3
- Value-add through increasing below-market rents and filling vacant units
- Large, well-maintained apartment units. Steps from restaurants, shops, schools, and community amenities
- Close to Hackensack Meridian Health’s Clara Maass Medical Center and the ON3 campus
EXECUTIVE SUMMARY
***PRICE REDUCED***
The property is a three-story brick building with 7 apartments, 1 retail space and on-site parking.
The property is a three-story brick building with 7 apartments, 1 retail space and on-site parking.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.20 AC |
| No. Units | 8 | Building Size | 7,723 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1922 |
| Building Class | C | Parking Ratio | 1.42/1,000 SF |
| Zoning | B-4 | ||
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 7,723 SF |
| No. Stories | 3 |
| Year Built | 1922 |
| Parking Ratio | 1.42/1,000 SF |
| Zoning | B-4 |
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Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 16-09603-0000-00001 | Improvements Assessment | $784,600 |
| Land Assessment | $438,500 | Total Assessment | $1,223,100 |
PROPERTY TAXES
Parcel Number
16-09603-0000-00001
Land Assessment
$438,500
Improvements Assessment
$784,600
Total Assessment
$1,223,100
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140 Rt-7
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