Listed by Marcus & Millichap - New Jersey
$1,900,000
Value/Add Mixed-Use
Details
Property Type Mixed Use, Multifamily
Sub Type Apartment Building, Storefront
Square Footage 12,000
Net Rentable (SqFt) 12,000
Units 10
Cap Rate 8.05%
NOI $153,024
Occupancy 100%
Tenancy Multi
Year Built 1930
Stories 2
Acreage 0.250
Parking Spaces 10 spaces
Parking Per SqFt 0.83
Ground Lease No
About This Property
Marketing description
Marcus & Millichap is pleased to exclusively present 228-236 Springdale Ave, East Orange, Essex County, New Jersey.
Investment highlights
- +/- 12,000 SF Corner Mixed- Use Building In East Orange, Essex County, NJ
- Property Consists Of 10 Units: (2) 2 Bed, (3) 3 Bed Residential Units, 5 Retail Units, And 8 Garages In Rear
- 3 Of 5 Apartments Have Been Renovated Leaving Additional Upside In 2 Apartments
- Immediate Access To The Garden State Parkway
- Situated Across The Street From NJ Transit Bus Stop
- Strong Density With Over 432K Residents Within 3- Miles Of The Subject Property
Listing Contacts
Listed by Marcus & Millichap - New Jersey
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$153,024.00
$12,752.00/mo
Valuation Metrics
0
DSCR
8.05%
Cap Rate
8.05%
ROI
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