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34416310
34416313

425 Cherry St, Elizabeth, NJ 07208 For Sale

Sunhill Realty
Listed by Sunhill Realty
$4,900,000
2 days on market
Updated 2 days ago

425 Cherry St

Details
Property Type Multifamily
Sub Type Apartment Building
Units 30
NOI $271,392
Tenancy Multi
Year Built 1933
Stories 4
Lot Size (SqFt) 11,284
Zoning 4c
Sale Condition N/A

Nice Brick Building

Marketing description

Beautiful building, large units, well maintained.

Great opportunity to acquire thirty residential units in an excellent area in Elizabeth, NJ. The portfolio consists of a four story walk-up buildings with a varied unit mix.

The largest city in Union County, Elizabeth is a bustling town in northeastern New Jersey, centrally located near Staten Island, New York City, Jersey City, and Newark. Elizabeth was built on shipping and industry, but has modernized into a picturesque residential community that's teeming with urban amenities. This city has a rich history that can be seen through the city's grand architecture like the Elizabeth Public Library and the Union County Courthouse.

Live music venues, shopping malls, local bars and restaurants, and riverfront green spaces are just a few of the perks of living in this New Jersey suburb. Just outside of Elizabeth, you'll discover Kean University and Warinanco Park.

Investment highlights

  • Number of Units: 30
  • 4 Story
  • Lot Size: 11,284 Sq Ft
  • Year Built: 1933
  • Laundry Facilities
  • On-Site Maintenance

Listing Contacts

Sunhill Realty
Listed by Sunhill Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$271,392.00
$22,616.00/mo

Valuation Metrics

0
DSCR
5.54%
Cap Rate
5.54%
ROI

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Additional Information

Name
Bernard Itzkowitz
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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