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150-154 Belvidere Ave 8 Unit Apartment Building $1,300,000 ($162,500/Unit) Washington, NJ 07882
EXECUTIVE SUMMARY
For Sale: A Rare Investment Opportunity in Washington, NJ – Modern Renovated 8-Family !
Welcome to this exceptional multi-family residence nestled in the charming town of Washington, NJ. This recently renovated 8-family property is a prime investment opportunity that combines modern living with a strategic location just an hour from the bustling streets of New York City and a mere 15 minutes from Route 78.
Set on an expansive lot of 25,792 square feet, this property boasts ample outdoor space and 14 designated parking spaces, ensuring convenience for residents and their guests. Each unit has been thoughtfully updated to provide contemporary comforts while maintaining its classic charm, offering potential renters an inviting retreat they’ll be proud to call home.
As you step inside, you'll appreciate the seamless blend of style and functionality. Each unit features spacious layouts filled with natural light, modern kitchens equipped with top-of-the-line appliances, and cozy living areas perfect for relaxation. Separate utilities ensure ease of management while providing tenants with full autonomy over their comfort.
Additionally, the fully finished laundry facility situated in the basement offers ultimate convenience for all residents
Welcome to this exceptional multi-family residence nestled in the charming town of Washington, NJ. This recently renovated 8-family property is a prime investment opportunity that combines modern living with a strategic location just an hour from the bustling streets of New York City and a mere 15 minutes from Route 78.
Set on an expansive lot of 25,792 square feet, this property boasts ample outdoor space and 14 designated parking spaces, ensuring convenience for residents and their guests. Each unit has been thoughtfully updated to provide contemporary comforts while maintaining its classic charm, offering potential renters an inviting retreat they’ll be proud to call home.
As you step inside, you'll appreciate the seamless blend of style and functionality. Each unit features spacious layouts filled with natural light, modern kitchens equipped with top-of-the-line appliances, and cozy living areas perfect for relaxation. Separate utilities ensure ease of management while providing tenants with full autonomy over their comfort.
Additionally, the fully finished laundry facility situated in the basement offers ultimate convenience for all residents
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$145,200
|
$15.91
|
| Other Income |
$8,400
|
$0.92
|
| Vacancy Loss |
$4,356
|
$0.48
|
| Effective Gross Income |
$149,244
|
$16.35
|
| Taxes |
$18,000
|
$1.97
|
| Operating Expenses |
$15,792
|
$1.73
|
| Total Expenses |
$33,792
|
$3.70
|
| Net Operating Income |
$115,452
|
$12.65
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $145,200 |
| Annual Per SF | $15.91 |
| Other Income | |
|---|---|
| Annual | $8,400 |
| Annual Per SF | $0.92 |
| Vacancy Loss | |
|---|---|
| Annual | $4,356 |
| Annual Per SF | $0.48 |
| Effective Gross Income | |
|---|---|
| Annual | $149,244 |
| Annual Per SF | $16.35 |
| Taxes | |
|---|---|
| Annual | $18,000 |
| Annual Per SF | $1.97 |
| Operating Expenses | |
|---|---|
| Annual | $15,792 |
| Annual Per SF | $1.73 |
| Total Expenses | |
|---|---|
| Annual | $33,792 |
| Annual Per SF | $3.70 |
| Net Operating Income | |
|---|---|
| Annual | $115,452 |
| Annual Per SF | $12.65 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 720 |
| 2+1 | 6 | - | 800 |
1 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 21-00030-0000-00002 | Total Assessment | $327,000 |
| Land Assessment | $51,800 | Annual Taxes | $18,000 ($1.97/SF) |
| Improvements Assessment | $275,200 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
21-00030-0000-00002
Land Assessment
$51,800
Improvements Assessment
$275,200
Total Assessment
$327,000
Annual Taxes
$18,000 ($1.97/SF)
Tax Year
2025
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Presented by
Plexus Realty NY LLC
150-154 Belvidere Ave
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