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5 Harvard St 12 Unit Apartment Building $1,740,000 ($145,000/Unit) East Orange, NJ 07018
Investment Highlights
- Large apartments
- Tenants pay electric and gas which includes their own heat and hot water. Landlord pays for water.
- Upside in rents
- Parking lot
Executive Summary
The property is a four-story, brick building with 12 residential units. Directly across the street is a parcel located at 118 South Clinton Street which is used for additional parking and also available for sale. The parking lot parcel totals 0.31± acres (13,500± SF).
Property Facts
| Price | $1,740,000 | Building Class | C |
| Price Per Unit | $145,000 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 12,000 SF |
| No. Units | 12 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1917 |
| Property Subtype | Apartment | Parking Ratio | 1.67/1,000 SF |
| Apartment Style | Mid-Rise |
| Price | $1,740,000 |
| Price Per Unit | $145,000 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 12,000 SF |
| No. Stories | 4 |
| Year Built | 1917 |
| Parking Ratio | 1.67/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 7 | - | - |
| 3+1 | 4 | - | - |
1 1
Walk Score®
Very Walkable (85)
Property Taxes
| Parcel Number | 05-00530-0000-00050 | Improvements Assessment | $179,100 |
| Land Assessment | $54,900 | Total Assessment | $234,000 |
Property Taxes
Parcel Number
05-00530-0000-00050
Land Assessment
$54,900
Improvements Assessment
$179,100
Total Assessment
$234,000
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5 Harvard St
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