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- LoopNet Team
402-406 Bloomfield Ave
Bloomfield, NJ 07003
9 Unit Cash Cow · Multifamily Property For Sale
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9 Units
PROPERTY FACTS
| No. Units | 9 | Building Size | 4,885 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1890/2019 |
| Building Class | C | Parking Ratio | 3.07/1,000 SF |
| Lot Size | 0.14 AC | ||
| Zoning | Commercial - Mixed Used commercial | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,885 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1890/2019 |
| Parking Ratio | 3.07/1,000 SF |
| Zoning | Commercial - Mixed Used commercial |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- Business Center
ABOUT 402-406 BLOOMFIELD AVE , BLOOMFIELD, NJ 07003
Two story building features a total of 9 units including three 1-bedroom, three 2-bedroom and three retail store fronts. Units are all separately metered, tenants pay own heat and electric, owner pays hot/cold water. Additional income from parking lot lease totals $15,000 revenue per year. Property is perfectly situated just steps from NYC transportation, shopping, restaurants and very easy access to Garden State Parkway North and South. The entire building has undergone a complete renovation including brand new roof, siding, stone, complete renovation of apartments and common areas. New installs include two hot water tanks (75 and 80 gallon), new windows and doors, new tile floors, bath tubs, vanities, kitchen cabinets, stoves and baseboard heaters in all apartments. Buyers must submit Proof of funds of 30%-35% of purchase price prior to touring property. Qualified buyers only.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 1+1 | 3 | - | - |
| Studios | 3 | - | - |
PROPERTY TAXES
| Parcel Number | 02-00104-0000-00031 | Improvements Assessment | $676,600 |
| Land Assessment | $323,400 | Total Assessment | $1,000,000 |
PROPERTY TAXES
