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1475-1479 Main St 6 Unit Apartment Building $1,150,000 ($191,667/Unit) Rahway, NJ 07065
INVESTMENT HIGHLIGHTS
- The property location offers direct NJ-Transit train service NYC in under 40 minutes.
- Mix of urban vibe with family-friendly community
- Four 2 Bed- 1 bath residential apartments and 2 retail units street level.
- The property location offers direct NJ-Transit train service NYC in under 40 minutes, great highway access.
EXECUTIVE SUMMARY
Thriving downtown market convenient for commuters. One block from the train station. Value-add investment opportunity for investor/owner-occupant in hot downtown Rahway. Rahway offers a combination of small-town charm and big city access. 100% occupied with great upside in rent. Very walkable downtown surrounded by restaurants, retail, entertainment, coffee shops, doggy day care and brewery – revitalized downtown with the historic Union County Performing Arts Center anchoring a growing arts and dining scene that attracts residents and visitors alike.
PROPERTY FACTS
| Price | $1,150,000 | Lot Size | 0.08 AC |
| Price Per Unit | $191,667 | Building Size | 5,786 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | 4A - Commercial | ||
| Price | $1,150,000 |
| Price Per Unit | $191,667 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 5,786 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
| Zoning | 4A - Commercial |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Walk Score®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 13-00320-0000-00015 | Improvements Assessment | $103,700 |
| Land Assessment | $39,600 | Total Assessment | $143,300 |
PROPERTY TAXES
Parcel Number
13-00320-0000-00015
Land Assessment
$39,600
Improvements Assessment
$103,700
Total Assessment
$143,300
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Presented by
The DiOrio Team at Berkshire Hathaway Commercial
1475-1479 Main St
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