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56 Jefferson St
Newark, NJ 07105
Apartments at 56 Jefferson St · Multifamily Property For Sale
·
13 Units
Investment Highlights
- DESIRED UNIT MIX: 13 Units – 11 Two Bedrooms and 2 One Bedrooms
- EXCEPTIONAL RENT GROWTH: Effective Rent Growth is up 13.6% YoY and an Occupancy Rate of 95.7%
- UTILITY BREAKDOWN: Units Feature Their Own Utility Systems for Tenant Responsibility of Heat and Hot Water
Property Facts
| No. Units | 13 | Lot Size | 0.07 AC |
| Property Type | Multifamily | Building Size | 13,000 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | C | Year Built | 1960 |
| Zoning | I-1, Newark | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 13,000 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1960 |
| Zoning | I-1, Newark |
Amenities
Unit Amenities
- Heating
- Kitchen
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 1 |
| 2+1 | 11 | - | 1 |
Property Taxes
| Parcel Number | 14-00174-0000-00003 | Improvements Assessment | $550,000 |
| Land Assessment | $300,000 | Total Assessment | $850,000 |
Property Taxes
Parcel Number
14-00174-0000-00003
Land Assessment
$300,000
Improvements Assessment
$550,000
Total Assessment
$850,000
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