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146 north ave 146 North Ave 5 Unit Apartment Building $1,200,000 ($240,000/Unit) 6.27% Cap Rate Plainfield, NJ 07060
EXECUTIVE SUMMARY
Prime 5-Unit Mixed-Use Building Steps from the Plainfield Train Station!Exceptional investment opportunity featuring 2 street-level commercial spaces and 3 well-maintained residential apartments. The residential mix includes a spacious 4-bedroom, 2-bath unit, a 2-bedroom, 1-bath unit, and a 1-bedroom, 1-bath unit all with long-term tenants in place. Zoned for potential expansion with air rights allowing up to 5 stories, offering tremendous upside in a rapidly developing area.
PROPERTY FACTS
| Price | $1,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $240,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6.27% | Building Size | 5,369 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1884 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $1,200,000 |
| Price Per Unit | $240,000 |
| Sale Type | Investment |
| Cap Rate | 6.27% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,369 SF |
| No. Stories | 3 |
| Year Built | 1884 |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 12-00314-0000-00010 | Improvements Assessment | $143,700 |
| Land Assessment | $24,900 | Total Assessment | $168,600 |
PROPERTY TAXES
Parcel Number
12-00314-0000-00010
Land Assessment
$24,900
Improvements Assessment
$143,700
Total Assessment
$168,600
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146 north ave | 146 North Ave
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