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282 Belleville Ave
Belleville, NJ 07109
282 Belleville Avenue · Multifamily Property For Sale
·
9 Units
PROPERTY FACTS
| No. Units | 9 | Building Size | 7,224 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | C | Year Built | 1897 |
| Lot Size | 0.13 AC | Parking Ratio | 0.14/1,000 SF |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 7,224 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1897 |
| Parking Ratio | 0.14/1,000 SF |
ABOUT 282 BELLEVILLE AVE , BELLEVILLE, NJ 07109
Marcus and Millichap is pleased to present the opportunity to acquire a nine unit multifamily property in Belleville, New Jersey. This buildings consists of 3 two-bedroom and 6 one-bedroom apartments and is historically 100% occupied. Owner has made extensive improvements to the property during the years of ownership including seven new kitchens, three new bathrooms and new windows. Owner has also spent tens of thousands of dollars to reinforce the building's structural foundation shortly after property was purchased ten years ago. Gas and electric are separately metered and tenants pay for their own utilities. This property is heated by three boilers: Landlord pays for heat for seven units and the remaining two units pay for their own heat. This property is conveniently located within five minutes of the Garden State parkway, route 21 and The Branch Brook Park light rail station, making it very easy to commute for tenants. It s also justa short drive to trains to Hoboken/Manhattan. Located on Belleville Avenue, this asset sits across the street from the 32 acre Belleville park, providing tenants with a multitude of outdoor activities.
PROPERTY TAXES
| Parcel Number | 01-05901-0000-00001 | Improvements Assessment | $442,500 |
| Land Assessment | $315,000 | Total Assessment | $757,500 |
PROPERTY TAXES
