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803 22nd Street 2117 Summit Ave 13 Unit Apartment Building $1,718,000 ($132,154/Unit) 6.65% Cap Rate Union City, NJ 07087
Investment Highlights
- Value-Add Opportunity
- 1 Commerical Unit
- 6.65% Cap Rate
- 12 Residential Units
- $132K Price Per Unit
- Less than 20-minute commute to Midtown Manhattan
Executive Summary
Name
Patrick Forde
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # 2330333, 122887 (NJ)
Address
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
Phone
(866) 889-0550
Patrick Forde
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # 2330333, 122887 (NJ)
Address
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
Phone
(866) 889-0550
Property Facts
| Price | $1,718,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $132,154 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 6.65% | Building Size | 10,848 SF |
| No. Units | 13 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | ||
| Zoning | I | ||
| Price | $1,718,000 |
| Price Per Unit | $132,154 |
| Sale Type | Investment |
| Cap Rate | 6.65% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 10,848 SF |
| No. Stories | 4 |
| Year Built | 1900 |
| Zoning | I |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
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Exceptionally walkable
100/100
Fairly drivable
50/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 10-00117-0000-00001 | Improvements Assessment | $980,000 |
| Land Assessment | $720,000 | Total Assessment | $1,700,000 |
Property Taxes
Parcel Number
10-00117-0000-00001
Land Assessment
$720,000
Improvements Assessment
$980,000
Total Assessment
$1,700,000
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Videos
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Photos
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Street
Map
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803 22nd Street | 2117 Summit Ave
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