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927 Willow Ave
Hoboken, NJ 07030
Multifamily Property For Sale
·
10 Units
PROPERTY FACTS
| No. Units | 10 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 7,210 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1984 |
| Building Class | C | ||
| Zoning | R-2 | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 7,210 SF |
| No. Stories | 5 |
| Year Built | 1984 |
| Zoning | R-2 |
ABOUT 927 WILLOW AVE , HOBOKEN, NJ 07030
Marcus and Millichap has been retained on an exclusive basis to market 927 Willow Avenue a seven unit five story walk up multifamily building located in Uptown Hoboken. The property lies on a 26.5 by 100 square foot lot, located between 10th and 9th streets on Willow Avenue. All units are separately metered for cooking gas and electric with sub-panels in each unit. Each unit in the building has been renovated within the last four years with hardwood floors, granite/quartz kitchen counters, stainless steel appliances and exposed brick. Recent capital improvements include a less than a year old roof, windows, entrance doors, rear bricks to the back of the building re-pointed, gutters and spouts and all new hot water tanks all replaced in recent years. Potential Value Add: Building originally was a 10 unit multifamily building that was converted into a seven unit, making two duplex units and an entire first floor apartment. Through potential variances the building could be converted back to 10 units. Upside: Six units qualify for a 25% de-vacancy control increase upon turnover including two of the three bedroom units that are below market. Additionally, basement has ample space for potential storage units that could produce additional income.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | 750 |
| 3+2 | 3 | - | 1,400 |
PROPERTY TAXES
| Parcel Number | 05-00171-0000-00013 | Improvements Assessment | $823,200 |
| Land Assessment | $498,800 | Total Assessment | $1,322,000 |
PROPERTY TAXES
