204 Church St - Apartments FOR SALE


Boonton, NJ 07005
$6,795,000 USD
201-592-8900
204 Church St, Boonton, NJ for Sale
$6,795,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

204 Church St
Boonton, NJ 07005


OVERVIEW

WELCOME TO THE PILGRIM! This 22-unit multifamily property in the rapidly growing town of Boonton, NJ offers an incredible VALUE-ADD investment opportunity. Each apartment offers oversized square footage that sets this building apart from others. 9 units have been totally updated and there’s more growth opportunity to update and increase below market rents. The building is very well-maintained and ownership has invested over 1M of updates through the years. Bonus cell tower on the roof producing $29,800 in annual income. Located in a booming area near shops, restaurants, and major transit, this property offers stable cash flow with significant upside in a highly desirable market. Text George Marogi for additional information (201) 694-9054

FOR SALE DETAILS

PRICE

$6,795,000 USD

PRICE/SF

$162 USD /SF

# OF UNITS

22

PRICE/UNIT

$308,864

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Pilgrim

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

R-3A, Boonton

APN/PARCEL ID

01-00012-0000-00001

ASK ABOUT THIS PROPERTY

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201-592-8900

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201-592-8900

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