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51 Crosswicks Chesterfield Rd 4 Unit Apartment Building $600,000 ($150,000/Unit) 8% Cap Rate Chesterfield, NJ 08515
INVESTMENT HIGHLIGHTS
- Fully Rented 4-Unit Property – Immediate cash flow with stable tenants in place
- Prime Chesterfield Location – Nestled in one of NJ's most picturesque and desirable small towns
- Investment Upside – Potential for rent increases or owner-occupant conversion
- Historic Colonial Charm – Original 1850 structure with character and curb appeal
- Off-Street Parking – Dedicated driveway for tenant convenience
- Proximity to Major Routes – Easy access to Routes 206, 130, and NJ Turnpike
EXECUTIVE SUMMARY
Investment Opportunity! This well-maintained 4-unit multifamily property in the heart of Chesterfield offers four 1-bedroom apartments, each approximately 650 sq. ft. Ideal for investors looking for immediate rental income with significant upside potential! All showings will be exterior showings only. Don’t miss your chance to view this high-potential asset. The property is tenant-occupied, so do not disturb the tenants. Please schedule through Showing Time or contact the listing agent directly. The property is being sold "as is." Buyers are encouraged to conduct all inspections and due diligence prior to closing. Septic system needs to be replaced.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$40,200
|
$7.72
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$40,200
|
$7.72
|
| Taxes |
$10,714
|
$2.06
|
| Operating Expenses |
$8,340
|
$1.60
|
| Total Expenses |
$19,054
|
$3.66
|
| Net Operating Income |
$21,146
|
$4.06
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $40,200 |
| Annual Per SF | $7.72 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $40,200 |
| Annual Per SF | $7.72 |
| Taxes | |
|---|---|
| Annual | $10,714 |
| Annual Per SF | $2.06 |
| Operating Expenses | |
|---|---|
| Annual | $8,340 |
| Annual Per SF | $1.60 |
| Total Expenses | |
|---|---|
| Annual | $19,054 |
| Annual Per SF | $3.66 |
| Net Operating Income | |
|---|---|
| Annual | $21,146 |
| Annual Per SF | $4.06 |
PROPERTY FACTS
| Price | $600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $150,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.05 AC |
| Cap Rate | 8% | Building Size | 5,204 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1850 |
| Property Subtype | Apartment | ||
| Zoning | R-1 - Residential | ||
| Price | $600,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.05 AC |
| Building Size | 5,204 SF |
| No. Stories | 2 |
| Year Built | 1850 |
| Zoning | R-1 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Heating
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Storage Space
- Public Transportation
- Individual Locking Bedrooms
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | $850.00 | 650 - 800 |
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PROPERTY TAXES
| Parcel Number | 07-00302-0000-00021 | Total Assessment | $311,900 (2025) |
| Land Assessment | $112,800 (2025) | Annual Taxes | $10,714 ($2.06/SF) |
| Improvements Assessment | $199,100 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
07-00302-0000-00021
Land Assessment
$112,800 (2025)
Improvements Assessment
$199,100 (2025)
Total Assessment
$311,900 (2025)
Annual Taxes
$10,714 ($2.06/SF)
Tax Year
2024
-
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51 Crosswicks Chesterfield Rd
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