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Elmora Section - 9 Units 423 Jersey Ave 9 Unit Apartment Building $1,600,000 ($177,778/Unit) 6.97% Cap Rate Elizabeth, NJ 07202
Investment Highlights
- Off- Street Parking Lot- 16 Spots Generating Additional Income
- Excellent Regional Connectivity with Convenient Access to Major Highways and Transportation Routes
- Positioned Near Elmora Avenue, One of Elizabeth’s Primary Commercial Corridors
Property Facts
| Price | $1,600,000 | Building Class | C |
| Price Per Unit | $177,778 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 5,519 SF |
| Cap Rate | 6.97% | No. Stories | 3 |
| No. Units | 9 | Year Built | 1910 |
| Property Type | Multifamily | Parking Ratio | 2.9/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R-2 | ||
| Price | $1,600,000 |
| Price Per Unit | $177,778 |
| Sale Type | Investment |
| Cap Rate | 6.97% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 5,519 SF |
| No. Stories | 3 |
| Year Built | 1910 |
| Parking Ratio | 2.9/1,000 SF |
| Zoning | R-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | 700 - 875 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 04-00013-0000-00621 | Improvements Assessment | $1,114,600 |
| Land Assessment | $265,900 | Total Assessment | $1,380,500 |
Property Taxes
Parcel Number
04-00013-0000-00621
Land Assessment
$265,900
Improvements Assessment
$1,114,600
Total Assessment
$1,380,500
Contacts
-
Alan Cafiero -
David Cafiero -
Devin Perez -
Dean Matuszewicz -
Damien Rance -
Marcus & Millichap
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Elmora Section - 9 Units | 423 Jersey Ave
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