236 Belleville Ave | Belleville, NJ 07109
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- LoopNet Team
236 Belleville Ave
Belleville, NJ 07109
Multifamily Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
- Great income upside. Current NOI is 74k with 112 NOI available.
- Belleville is in the process of a substantive gentrification/nicely appreciating assets
- Seller will consider a note hold for the right buyer
- Site has ground up development capability with 14 Res units and 1,000 SF (+,-) retail/service use at ground level
- Once acquired each of three assets could be sold separately.
PROPERTY FACTS
| No. Units | 7 | Building Size | 8,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1950 |
| Building Class | C | Parking Ratio | 1.78/1,000 SF |
| Lot Size | 0.07 AC | ||
| Zoning | BA Zone - Ground up Development possible. Would be in the 14 - 16 Apartments and about 1,000 SF of ground level retail range.. | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 8,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 1.78/1,000 SF |
| Zoning | BA Zone - Ground up Development possible. Would be in the 14 - 16 Apartments and about 1,000 SF of ground level retail range.. |
PROPERTY TAXES
| Parcel Number | 01-05903-0000-00044 | Improvements Assessment | $327,100 |
| Land Assessment | $142,800 | Total Assessment | $469,900 |
PROPERTY TAXES
Parcel Number
01-05903-0000-00044
Land Assessment
$142,800
Improvements Assessment
$327,100
Total Assessment
$469,900
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