38-50 Rich St | Irvington, NJ 07111
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38-50 Rich St
Irvington, NJ 07111
Multifamily Property For Sale
·
28 Units
INVESTMENT HIGHLIGHTS
- Unit features include semi-private entrances, predominantly updated kitchens with granite countertops and stainless-steel appliances, updated bathroom
- Tenants pay for their own separately metered electricity and cooking gas, while the landlord pays for heat and hot water and provides one AC unit
- Open lawn behind 50 Rich Street could be turned into community space or additional parking spaces
- Each unit, when turned over, included major capital expenditure throughout, including new electric and plumbing
- Approximately 32 parking spaces provide assigned, off-street parking, included in the rent
PROPERTY FACTS
| No. Units | 28 | Building Size | 18,888 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1965 |
| Building Class | C | Parking Ratio | 1.69/1,000 SF |
| Lot Size | 0.62 AC | ||
| Zoning | Commercial | ||
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 18,888 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.69/1,000 SF |
| Zoning | Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,193,400 | |
| Land Assessment | $980,000 | Total Assessment | $3,173,400 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$980,000
Improvements Assessment
$2,193,400
Total Assessment
$3,173,400
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