2 John St | Haledon, NJ 07508
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2 John St
Haledon, NJ 07508
Multifamily Property For Sale · 31 Units
Investment Highlights
- THE INVESTMENT: 30-Unit, 4-Story, New Construction Apartment Building with A Separate 5,950 Retail Space on the Same Parcel Which is Currently Approve
- EXCEPTIONAL RENT GROWTH: Haledon, NJ Has Seen Rent Grow 8.5% Over the Last 2 Years with Internal Upside at 23%.
- ATTRACTIVE UNIT MIX: 93% 2 Bedroom Style Apartments with a Breakdown of 1 One-Bedroom, 1 One-Bedroom Den, 18 Two-Bedroom, and 10 Two-Bedroom Loft Apar
- ASSUMABLE DEBT: The Property has Attractive Assumable Debt with a 3.28% Interest Rate Until 2033 and One Year of IO Left (12/30/2024).
- UTILITY BREAKDOWN: Tenants are Responsible for their own Separately Metered Electric, Water, and Gas.
PROPERTY FACTS
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Kitchen
- Granite Countertops
- Hardwood Floors
- Oven
- Stainless Steel Appliances
- Island Kitchen
Site Amenities
- Fenced Lot
- Elevator
PROPERTY TAXES
| Parcel Number | 03-00120-0000-00022 | Improvements Assessment | $2,350,000 |
| Land Assessment | $750,000 | Total Assessment | $3,100,000 |
PROPERTY TAXES
Parcel Number
03-00120-0000-00022
Land Assessment
$750,000
Improvements Assessment
$2,350,000
Total Assessment
$3,100,000
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