349 Gorge Rd - Apartments FOR SALE


Cliffside Park, NJ 07010
$1,890,000 USD
201-681-6661
349 Gorge Rd, Cliffside Park, NJ for Sale
$1,890,000 USD
Apartments - FOR SALE
1/47
null | 6% Cap Rate

349 Gorge Rd
Cliffside Park, NJ 07010


OVERVIEW

Great Location for investment. Right in the middle of Gorge Road, gate path to center of town and minutes from Edgewater river road. 5 units 3 story built in 1985 with spacious two 2 BR and three 1 BR apts. Parking lot in rear 5 to 7. NYC bus is right by the building. Some apts have sliding door to balcony, skylight and cathedral ceiling. Both 2 BR apts have 2 FBTH. Annual rent roll over $100k with potential increase. NOI approx $99k. Disclosure: oil tank underground.

FOR SALE DETAILS

PRICE

$1,890,000 USD

PRICE/SF

$378 USD /SF

# OF UNITS

5

PRICE/UNIT

$378,000

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1985

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,001 SF

ZONING

R-3

APN/PARCEL ID

06-00901-0000-00013

ASK ABOUT THIS PROPERTY

Paul QiRealtylineMore Info
201-681-6661

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Paul QiRealtylineMore Info
201-681-6661

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