402-406 Bloomfield Ave - Apartments FOR SALE


Bloomfield, NJ 07003
$1,650,000 USD
973-696-1111
402-406 Bloomfield Ave, Bloomfield, NJ for Sale
$1,650,000 USD
Apartments - FOR SALE
1/29
null | 6.7% Cap Rate

402-406 Bloomfield Ave
Bloomfield, NJ 07003


HIGHLIGHTS

  • Business District
  • Newly Renovated
  • Includes 3 Retail stores - 6 Apartments

OVERVIEW

Two story building features a total of 9 units including 3 one-bedroom, 3 two-bedroom and 3 retail stores fronts. New installs include two water tanks (75 and 80 gallon), new windows and doors, new tile floors, bathtubs, vanities, kitchen cabinets, stoves and baseboard heaters in all apartments. Units are all separately metered, tenants pay own heat and electric, owner pays hot/cold water. Property is perfectly situated just steps from NYC transportation, shopping, restaurants and very easy access to Garden State Parkway North and South. The entire building has undergone a complete renovation including brand new roof, siding, stone, complete renovation of apartments and common areas. 6.3% cap rate

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$338 USD /SF

# OF UNITS

9

PRICE/UNIT

$183,333

CAP RATE

6.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

Commercial

APN/PARCEL ID

14-00594-0000-00015

ASK ABOUT THIS PROPERTY

Lou BatelliCentury 21 GeminiMore Info
973-696-1111

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Lou BatelliCentury 21 GeminiMore Info
973-696-1111

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