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543-573 W 8th St 12 Unit Apartment Building $2,400,000 ($200,000/Unit) 7% Cap Rate Plainfield, NJ 07060
INVESTMENT HIGHLIGHTS
- Hardwood finishes throughout hallway.
- Excess land for 2 additional 3-story buildings, each building has full basement.
- Extremely large apartments with brick facade.
- Park like setting.
EXECUTIVE SUMMARY
REDUCED +motivated SELLER Three structures located on the property. 10-unit apartment building measures approximately ±11,790 SF; plus two additional structures consisting of 1.5-story brick garage and 2-story frame barn. Located within the Van Wyck Brooks Historic District of Plainfield on the corner of West 8th Street and Plainfield Avenue, and in close proximity to Routes 28 and 22. Includes 2 lots POF = CA required. Financials available upon execution of NDA.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 12-00761-0000-00001 | Improvements Assessment | $57,000 |
| Land Assessment | $244,600 | Total Assessment | $301,600 |
PROPERTY TAXES
Parcel Number
12-00761-0000-00001
Land Assessment
$244,600
Improvements Assessment
$57,000
Total Assessment
$301,600
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543-573 W 8th St
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