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203 Garfield Ave 6 Unit Apartment Building $1,354,000 ($225,667/Unit) 7.35% Cap Rate Jersey City, NJ 07305



INVESTMENT HIGHLIGHTS
- Fully Gut Renovated Opportunity
- 3 Parking Spots (that can charge for in the future)
- Less than 40 minutes to New York City
- All new electric, plumbing, roof, boilers & hot water heater
- New Boilers & Water Heaters within the Last Five Years
- Landlord pays for common area electric, sewer & water
EXECUTIVE SUMMARY
Broker of Record
Patrick Forde
License # 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
52 Park Avenue, Suite B5, Park Ridge NJ 07656
(866) 889-0550
Patrick Forde
License # 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
52 Park Avenue, Suite B5, Park Ridge NJ 07656
(866) 889-0550
PROPERTY FACTS
| Price | $1,354,000 | Building Class | C |
| Price Per Unit | $225,667 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 3,975 SF |
| Cap Rate | 7.35% | No. Stories | 3 |
| No. Units | 6 | Year Built | 1890 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $1,354,000 |
| Price Per Unit | $225,667 |
| Sale Type | Investment |
| Cap Rate | 7.35% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,975 SF |
| No. Stories | 3 |
| Year Built | 1890 |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Walk Score®
Very Walkable (78)
Transit Score®
Excellent Transit (72)
PROPERTY TAXES
| Parcel Number | 06-29401-0000-00027 | Improvements Assessment | $835,000 |
| Land Assessment | $175,000 | Total Assessment | $878,100 |
PROPERTY TAXES
Parcel Number
06-29401-0000-00027
Land Assessment
$175,000
Improvements Assessment
$835,000
Total Assessment
$878,100
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203 Garfield Ave
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