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143-149 Prospect Ave 8 Unit Apartment Building $1,750,000 ($218,750/Unit) Irvington, NJ 07111
Executive Summary
Excellent investment opportunity near the Maplewood border. This solid 2-story, 8-unit building features 4 apartments on the first floor and 4 apartments on the second floor. Unit breakdown: Apts 1-3 have 2 bedrooms, Apt 4 has 1 bedroom, Apts 5-7 have 2 bedrooms, and Apt 8 is a studio. All apartments include an eat-in kitchen and a full bathroom.Property also offers an unfinished basement and a 2-car garage, with potential use as additional space. All utilities are separate, and owner pays for heating only. Current leases are scheduled to end by the end of the year, providing flexibility for new ownership. Convenient location close to transportation, shopping, and schools.
Property Facts
| Price | $1,750,000 | Building Class | C |
| Price Per Unit | $218,750 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 6,800 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1930 |
| Apartment Style | Low-Rise | Parking Ratio | 0.88/1,000 SF |
| Price | $1,750,000 |
| Price Per Unit | $218,750 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 6,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1930 |
| Parking Ratio | 0.88/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 4 | - | - |
1 1
Walk Score®
Very Walkable (84)
Property Taxes
| Parcel Number | 09-00365-0000-00003 | Improvements Assessment | $950,700 |
| Land Assessment | $280,000 | Total Assessment | $1,230,700 |
Property Taxes
Parcel Number
09-00365-0000-00003
Land Assessment
$280,000
Improvements Assessment
$950,700
Total Assessment
$1,230,700
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Lim Bances Realty
143-149 Prospect Ave
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