131 William Street | 131 William St
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131 William Street 131 William St
5 Unit Apartment Building $1,299,000 ($259,800/Unit) 7.20% Cap Rate Englewood, NJ 07631
Investment Highlights
- Situated in the heart of Englewood, NJ, with easy access to major highways and only minutes from New York City.
- Equipped with updated systems, central air conditioning, and high-speed internet, providing comfort and convenience for tenants or business operation
- On-site and nearby parking options make this property highly accessible for customers and employees.
- High-traffic area with excellent frontage, maximizing exposure for retail or commercial purposes.
- Spacious layout adaptable for various business types, ideal for retail, office, or mixed-use purposes.
- Located in a thriving community with strong market growth, making this an attractive investment for long-term appreciation and rental income.
Executive Summary
Well kept multi family building with fantastic income, separate utilities and parking. There are 4-2 bed apartments and 1-1 bed apartment. The units are well kept with several long term tenants.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,299,000 | Apartment Style | Low Rise |
| Price Per Unit | $259,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 7.20% | Building Size | 2,774 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1939/2010 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $1,299,000 |
| Price Per Unit | $259,800 |
| Sale Type | Investment |
| Cap Rate | 7.20% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,774 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1939/2010 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
1 of 1
Walk Score ®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 15-02313-0000-00037 | Total Assessment | $551,100 (2024) |
| Land Assessment | $360,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $191,100 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
15-02313-0000-00037
Land Assessment
$360,000 (2024)
Improvements Assessment
$191,100 (2024)
Total Assessment
$551,100 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | Residential (Residential) |
| Residential (Residential) |
-
Michael Vera-Silva -
Michael Malady -
Realty One Group Paramount
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131 William Street | 131 William St
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