221 Spring St | Newton, NJ 07860
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221 Spring St
Newton, NJ 07860
8 Unit Mixed Use with Upside in Newton · Multifamily Property For Sale
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8 Units
INVESTMENT HIGHLIGHTS
- Value Add Opportunity
- Train Coming to the Area that connects to NYC
- Expansion of National Retailers and Shopping Centers Nearby Ensuring a Steady Stream of Renters
- Under Market Rents/No Rent Control in Newton
- Atlantic Healthcare System Hospital and Sussex Community College Nearby
- Separately Metered Water and Electric
PROPERTY FACTS
| No. Units | 8 | Building Size | 7,642 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | C | Year Built | 1900 |
| Lot Size | 0.17 AC | Parking Ratio | 1.96/1,000 SF |
| Zoning | T-6 - This area provides for the majority of retail and commercial uses within the Town and should be identified as the Central Business District | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,642 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1900 |
| Parking Ratio | 1.96/1,000 SF |
| Zoning | T-6 - This area provides for the majority of retail and commercial uses within the Town and should be identified as the Central Business District |
PROPERTY TAXES
| Parcel Number | 15-00008-05-00011 | Improvements Assessment | $461,100 |
| Land Assessment | $109,800 | Total Assessment | $570,900 |
PROPERTY TAXES
Parcel Number
15-00008-05-00011
Land Assessment
$109,800
Improvements Assessment
$461,100
Total Assessment
$570,900
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