1-19 & 21 Harriett Ln - Apartments FOR SALE


Seaville, NJ 08230
$2,050,000 USD
908-596-0700
1-19 & 21 Harriett Ln, Seaville, NJ for Sale
$2,050,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

1-19 & 21 Harriett Ln
Seaville, NJ 08230


HIGHLIGHTS

  • 1-19 & 21 Harriet Lane's new side consists of four buildings constructed in 2023 containing 11 two-bed/ one-bath units.
  • The property's older side consists of nine buildings, rehabbed in 2017, containing nine two-bedroom and three-bedroom units.
  • Tenants are responsible for electric and the landlord is responsible for water, septic, and common area electric.
  • Tenants provide 1.5 month worth of rent as security deposit.
  • Tenants benefit from parking on-site.
  • There is the potential to build another building if the two garages are removed.

OVERVIEW

Harriet Lane Apartments is a 100% affordable housing complex consisting of 20 residential units. It offers two—and three-bedroom apartments to income-qualified applicants. The affordable contract has 28 years remaining. The property has a newer septic system recently installed and one well on-site. There are four three-bedroom/ one-bath units and 16 two-bed/ one-bath units. Of the surrounding Seaville demographics, there is a 10-mile population of nearly 50,000 residents and an average household income of $125,410. The properties are located at 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14 15, 16, 17, 18, 19, and 21 Harriet Lane.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$241 USD /SF

# OF UNITS

20

PRICE/UNIT

$102,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harriet Lane Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.2 AC

LAND SF

270,234 SF

ZONING

R

APN/PARCEL ID

11-00567-0000-00024

ASK ABOUT THIS PROPERTY

Matt WeilheimerKislakMore Info
908-596-0700

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Matt WeilheimerKislakMore Info
908-596-0700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.