Log In/Sign Up
Your email has been sent.
478 Fabyan Pl 4 Unit Apartment Building $985,000 ($246,250/Unit) 6.53% Cap Rate Newark, NJ 07112
INVESTMENT HIGHLIGHTS
- Recent Renovated
- Fully Occupied
EXECUTIVE SUMMARY
Well maintained 4 family available in a great location on the boarder of Hillside and Newark. Conveniently located near major highways, minutes from Newark International Airport, 30 minutes from NYC, and easy access to public transportation. Two story building with two apartments on each floor. Apartment 1L is a large 3 bedroom 2 bath unit fully renovated in 2024. Apartment 1R is a 1 bedroom 1 bath unit. Apartment 2L is a large 2 bedroom, 2 bath. Apartment 2R is a large 2 floor unit , fully renovated in 2025 with 2 bedrooms and 2 bath. Separate utilities for each unit and full unfinished basement.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $985,000 | Apartment Style | Low-Rise |
| Price Per Unit | $246,250 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 3,000 SF |
| Cap Rate | 6.53% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1952/2024 |
| Property Subtype | Apartment | Parking Ratio | 0.67/1,000 SF |
| Zoning | R2 - Residential | ||
| Price | $985,000 |
| Price Per Unit | $246,250 |
| Sale Type | Investment |
| Cap Rate | 6.53% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.11 AC |
| Building Size | 3,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1952/2024 |
| Parking Ratio | 0.67/1,000 SF |
| Zoning | R2 - Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,290 | - |
| 3+2 | 1 | $2,500 | - |
| 2+2 | 1 | $2,272 | - |
| 2+1 | 1 | $1,514 | - |
1 1
Walk Score®
Very Walkable (78)
1 of 41
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
478 Fabyan Pl
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.