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245 E Blackwell St
Dover, NJ 07801
Multifamily Property For Sale
·
6 Units
Property Facts
| No. Units | 6 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 5,000 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1900 |
| Building Class | C | Parking Ratio | 8/1,000 SF |
| Zoning | IND | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,000 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 8/1,000 SF |
| Zoning | IND |
About 245 E BLACKWELL ST , DOVER, NJ 07801
Located at 243 East Blackwell Street, the property offers potential investors the opportunity to own a turnkey asset in Morris County, a high barrier to entry location. This stabilized asset allows an investor to benefit from the cash-flow of a fully rented building with the upside of upgrading the units upon vacancy and increasing cash flow by raising rents to market rates. Tenants are responsible for their own separately metered electricity, cooking gas, heat, and hot water. One desirable aspect for a potential investor is the proximity to nearby highways, including Routes 10 and 46, as well as Interstate 80. This affords tenants with direct access to New York City and other destinations in the state. The building is also located a quick ten minutes walk to the NJ Transit Train Station, offering service on the Morristown and Montclair-Boonton commuter lines.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
Property Taxes
| Parcel Number | 09-01904-0000-00008 | Improvements Assessment | $238,600 |
| Land Assessment | $292,300 | Total Assessment | $530,900 |
Property Taxes
