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Englewood, NJ: Linden Place Luxury Townhomes 25 E Linden Ave 5 Unit Apartment Building $5,350,000 ($1,070,000/Unit) 5.43% Cap Rate Englewood, NJ 07631

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INVESTMENT HIGHLIGHTS

  • Linden Place Luxury Townhomes are located at 25-33 East Linden Ave, Englewood
  • Walking distance to Englewood downtown and close to Houses of Worship:
  • Leased Units: All five units are currently leased, which presents a unique opportunity for investors seeking immediate rental income.

EXECUTIVE SUMMARY

Linden Place Luxury Townhomes are located at 25-33 East Linden Ave, Englewood. This prime location offers convenient access to various amenities and attractions.
- Property Type: These townhomes consist of five fully leased units, each featuring four bedrooms and 3.5 bathrooms. The spacious layout provides ample room for comfortable living.
- Desirable Features: The townhomes offer a range of desirable features, including modern architecture, high-quality construction, and luxurious finishes. The units are designed to provide a sophisticated and upscale living experience.
- Leased Units: All five units are currently leased, which presents a unique opportunity for investors seeking immediate rental income. The property's strong occupancy rate demonstrates its popularity among tenants.
- Walking Distance to Downtown: One of the standout features of these townhomes is their proximity to downtown Englewood. Residents can easily access various shops, restaurants, entertainment venues, and other amenities, all within a short walking distance.
- Close to Houses of Worship: For those seeking a home within close proximity to places of worship, Linden Place Luxury Townhomes are an ideal choice. Several houses of worship are conveniently located nearby, allowing residents to fulfill their spiritual needs.
- Upscale Neighborhood: Englewood is known for its upscale neighborhoods, and Linden Place is no exception. The townhomes are situated in a sought-after area, surrounded by well-maintained properties and a sense of community.
- Commuter-Friendly: The location of these townhomes offers easy access to major transportation routes, making commuting to nearby cities or towns convenient. Residents can enjoy the benefits of a suburban lifestyle while staying connected to urban centers.
- Investment Opportunity: Linden Place Luxury Townhomes present a compelling investment opportunity due to their fully leased status. The potential for stable rental income, combined with the property's desirable location, makes it an attractive option for investors.
- These sales notes provide an overview of the key features and benefits of Linden Place Luxury Townhomes. Prospective buyers and investors will appreciate the combination of upscale living, convenient location, and immediate rental income potential offered by this property.

PROPERTY FACTS

Price $5,350,000
Price Per Unit $1,070,000
Sale Type Investment
Cap Rate 5.43%
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class C
Building Size 22,650 SF
Average Occupancy 100%
No. Stories 3
Year Built 2005
Opportunity Zone Yes
Zoning R1 - residential rental units

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Washer/Dryer
  • Eat-in Kitchen
  • Kitchen
  • Basement
  • Deck
  • Den
  • Dining Room
  • Family Room

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
4+3.5 5 $6,140 1,912
Walk Score®
Very Walkable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 28978199

  • Date on Market: 7/12/2023

  • Last Updated:

  • Address: 25 E Linden Ave, Englewood, NJ 07631

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