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30023863
30023864

25 Fairview Ave, Phillipsburg, NJ 08865

ST
0123902
Sage Investment Real Estate Advisors
Listed by Sage Investment Real Estate Advisors
$12,750,000
95 days on market
Updated 92 days ago

Ravenscroft Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Cap Rate 5.45%
NOI $695,322

Multifamily | Phillipsburg, NJ | 5.45% CAP

Marketing description

Welcome to Ravenscroft Apartments, a charming community in the heart of Phillipsburg, NJ. Built in 1965, this well-maintained property features three low-rise, three-story buildings with a total of 75 thoughtfully designed residences.

Ravenscroft offers a diverse mix of spacious one-, two-, and three-bedroom apartment homes, with two-bedroom layouts comprising 76% of the community—ideal for residents seeking flexible living space. Each apartment is designed for comfort and convenience, featuring hardwood floors, walk-in closets, and private balconies that extend your living space outdoors. Built-in air conditioning units and efficient hot water baseboard heating ensure year-round comfort.

The community’s classic brick and siding façade provides timeless curb appeal, while on-site parking and convenient laundry facilities enhance everyday living.

With its well-proportioned floor plans, desirable amenities, and welcoming neighborhood setting, Ravenscroft Apartments offers residents a comfortable and connected place to call home in Phillipsburg.

Investment highlights

BUILDINGS: 3

UNITS: 75

UNIT TYPE: 1 BD - 3 BD

STORIES: 3

PARKING: On-Site

LAUNDRY: On-site

2-BEDROOM MIX (%): 76%

Listing Contacts

ST
0123902
Sage Investment Real Estate Advisors
Listed by Sage Investment Real Estate Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$695,322.00
$57,943.50/mo

Valuation Metrics

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DSCR
5.45%
Cap Rate
5.45%
ROI

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