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88 Ashland Avenue
Multifamily | 5 Units | $183,000/unit
Listing Contacts
LF Rose Real EstateLicense: NJ 0897356
Active
Asking Price: $915,000
Earnest Money Deposit: 5% min.
Address
88 Ashland Ave, West Orange, NJ 07052
Show on MapDate Added
Jan 21, 2025
Days on Market
59 days
Time Since Last Update
24 days
Details
Property TypeMultifamily
SubtypeApartment Building
Investment TypeValue Add
Investment Sub TypeValue Add
Cap Rate3.29%
Pro-Forma Cap Rate8.87%
Occupancy100%
Occupancy Date01/21/2025
NOI$30,102
Pro-Forma NOI$81,117
Units5
Buildings1
Stories3
Price/Unit$183,000
Ownershipfee simple
Marketing Description
For Sale: 88 Ashland Avenue: Strong Upside Potential Located Across the Street from One Another
Rose Real Estate offers for sale a 5-unit, income-generating multi-family building in West
Orange
88 Ashland Avenue: 5-Unit Building
• Unit Mix: 1 x 3-bedroom, 4 x 2-bedroom apartments
• Key Features: All units are separately metered for hot water, heat, cooking gas, and electricity. There is forced hot and cold air, providing added comfort for tenants.
• Parking: Ample onsite parking for tenants.
• Upside Potential: The property features below-market rents, creating a significant opportunity for rental rate increases and value appreciation through strategic rent adjustments.
88 Ashland Avenue presents a compelling value-add opportunity in a prime location with strong demand for rental properties. With the ability to adjust rents to market rates, these properties are primed for significant cash flow growth and long-term appreciation. Whether purchased together or separately, these buildings offer a solid investment with immediate potential for value creation.
Investment Highlights
Please call Lauren to discuss details 908 230 1599
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$30,102.00
$2,508.50/mo
Valuation Metrics
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0
DSCR
3.29%
Cap Rate
3.29%
ROI
Property History
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Due Diligence
Listing Contacts
LF Rose Real EstateLicense: NJ 0897356
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Broker Information
Broker Information
Broker Name
Lauren Federgreen
Broker License
NJ 0897356
Brokerage Name
Rose Real Estate LLC
Broker Title
Broker
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