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25-51 Springholm Dr
Berkeley Heights, NJ 07922
Villas on the Park - 14 Affordable Units · Multifamily Property For Sale
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14 Units
Investment Highlights
- Fourteen (14) fully occupied residential condominiums (mix of 2 and 3 bed units) in an excellent Northern New Jersey location.
- The property is in a park-like community and units feature recent renovations and in-unit washers and dryers.
- Adjacent to I-78, 5 minutes to Route 22 (a heavily trafficked major artery with numerous retail and restaurant options) and 30 minutes from Manhattan.
- 100% leased and cash-flowing, a prime turnkey opportunity to acquire a multifamily property with stable income and future upside potential.
- All units are earmarked as affordable housing.
Property Facts
| No. Units | 14 | Lot Size | 0.01 AC |
| Property Type | Multifamily | Building Size | 15,525 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1996 |
| Building Class | B | Parking Ratio | 1.8/1,000 SF |
| Zoning | AH1 | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.01 AC |
| Building Size | 15,525 SF |
| No. Stories | 2 |
| Year Built | 1996 |
| Parking Ratio | 1.8/1,000 SF |
| Zoning | AH1 |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Property Taxes
| Parcel Number | 01-04603-0000-00036-25-CONDO | Improvements Assessment | $41,100 |
| Land Assessment | $11,000 | Total Assessment | $52,100 |
Property Taxes
Parcel Number
01-04603-0000-00036-25-CONDO
Land Assessment
$11,000
Improvements Assessment
$41,100
Total Assessment
$52,100
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