163 N Park St - Apartments FOR SALE


East Orange, NJ 07017
$1,700,000 USD
908-963-9319
163 N Park St, East Orange, NJ for Sale
$1,700,000 USD
Apartments - FOR SALE
1/12
null | 6.47% Cap Rate

163 N Park St
East Orange, NJ 07017


HIGHLIGHTS

  • Buildable Parking Lot
  • Below Market Rents

OVERVIEW

This value-add investment opportunity features two well-maintained buildings comprising 6 two-bedroom, one-bathroom apartments, and 6 versatile retail spaces. All tenants are on month-to-month leases and many are paying below-market rent. Electric and gas utilities are individually metered and paid for by the tenants. Tenants pay most utilities Significant Upside

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$179 USD /SF

# OF UNITS

12

PRICE/UNIT

$141,667

CAP RATE

6.47%

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

undefined, Storefront Retail/Residential, Warehouse

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1945

PARKING SPACES

1000

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

IND-1 District

APN/PARCEL ID

05-00912-0000-00005

ASK ABOUT THIS PROPERTY

Max LevinstonThe Kislak Company, Inc.More Info
908-963-9319

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Max LevinstonThe Kislak Company, Inc.More Info
908-963-9319

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