300 Garibaldi Ave | Lodi, NJ 07644
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300 Garibaldi Ave
Lodi, NJ 07644
Investment Sale | 10 Apartments | 6.02% Cap · Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- 10 Residential Units | Fully leased and performing
- Cash-on-Cash Return: 4.0% (Year 1) with value appreciation over time
- Strong operating income: $138,921 NOI
- 6.0% Cap Rate on day one
- Projected IRR: 14.5% over 10 years
- Located in an area of minimal flood risk with no DEP or wetland restrictions
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Crown Molding
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Sprinkler System
- Range
- Walk-In Closets
- Carpet
- Basement
- Dining Room
- Family Room
- Freezer
- Handrails
- Lawn
- Pantry
- Patio
- Porch
- Skylights
- Vacuum System
- Vinyl Flooring
- Window Coverings
- Workshop
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Individual Locking Bedrooms
- Private Bathroom
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | $1,392 | 450 - 700 |
PROPERTY TAXES
| Parcel Number | 31-00137-0000-00021 | Improvements Assessment | $424,800 |
| Land Assessment | $245,200 | Total Assessment | $670,000 |
PROPERTY TAXES
Parcel Number
31-00137-0000-00021
Land Assessment
$245,200
Improvements Assessment
$424,800
Total Assessment
$670,000
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