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307 Bond St
Elizabeth, NJ 07206
307 Bond Street · Multifamily Property For Sale
·
6 Units


Investment Highlights
- Convenient Location
- Economic Drivers
- Strong Demographics
- Transit Oriented Location
- Newark Liberty International Airport
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase 307 Bond Street in Elizabeth, New Jersey (“the Property”). The Property consists of a three-story building containing six (6) residential units comprised of five (5), 2-Bedroom/1-Bathroom units and one (1), 1-Bedroom/1-Bathroom unit with 3,921 square feet of living area on a 0.05 acre parcel of land.
The Property is well located along Bond Street in the heart of a densely populated residential neighborhood. The Property is adjacent to the intersection with 3rd Street, one of the area’s primary commercial corridors and enjoys convenient access to area highways, public transportation, schools and major employment areas. The Property also offers convenient access to The Mills at Jersey Gardens, New Jersey’s largest outlet mall with more than 200 stores, Staten Island and Downtown Newark.
Elizabeth, the fourth largest city in New Jersey, is a suburb of New York City, located in Union County. The city is 15-miles southwest of New York City
The Property is well located along Bond Street in the heart of a densely populated residential neighborhood. The Property is adjacent to the intersection with 3rd Street, one of the area’s primary commercial corridors and enjoys convenient access to area highways, public transportation, schools and major employment areas. The Property also offers convenient access to The Mills at Jersey Gardens, New Jersey’s largest outlet mall with more than 200 stores, Staten Island and Downtown Newark.
Elizabeth, the fourth largest city in New Jersey, is a suburb of New York City, located in Union County. The city is 15-miles southwest of New York City
Property Facts
| Price Per Unit | $200,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 7.81% | Building Size | 3,921 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 7.81% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,921 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Kitchen
- Oven
- Carpet
- Freezer
Site Amenities
- Controlled Access
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 750 |
| 2+1 | 5 | - | 1,000 |
Property Taxes
| Parcel Number | 04-00001-0000-00822 | Improvements Assessment | $384,000 |
| Land Assessment | $300,000 | Total Assessment | $684,000 |
Property Taxes
Parcel Number
04-00001-0000-00822
Land Assessment
$300,000
Improvements Assessment
$384,000
Total Assessment
$684,000
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