210-212 Trumbull St
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210-212 Trumbull St
13 Unit Apartment Building $3,099,000 ($238,385/Unit) 6.85% Cap Rate Elizabeth, NJ 07206
Executive Summary
Great Investment Opportunity. 11 Residential units + 2 commercial units. Property is fully Leases. Separate utilities. Close to Newark airport, Elizabeth seaport, and Jersey Gardens Mall.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$259,824
|
$17.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$259,824
|
$17.00
|
| Taxes |
$14,311
|
$0.94
|
| Operating Expenses |
$33,294
|
$2.18
|
| Total Expenses |
$47,605
|
$3.11
|
| Net Operating Income |
$212,219
|
$13.88
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $259,824 |
| Annual Per SF | $17.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $259,824 |
| Annual Per SF | $17.00 |
| Taxes | |
|---|---|
| Annual | $14,311 |
| Annual Per SF | $0.94 |
| Operating Expenses | |
|---|---|
| Annual | $33,294 |
| Annual Per SF | $2.18 |
| Total Expenses | |
|---|---|
| Annual | $47,605 |
| Annual Per SF | $3.11 |
| Net Operating Income | |
|---|---|
| Annual | $212,219 |
| Annual Per SF | $13.88 |
Property Facts
| Price | $3,099,000 | Building Class | C |
| Price Per Unit | $238,385 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 15,285 SF |
| Cap Rate | 6.85% | Average Occupancy | 100% |
| No. Units | 13 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 2005/2015 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $3,099,000 |
| Price Per Unit | $238,385 |
| Sale Type | Investment |
| Cap Rate | 6.85% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 15,285 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 2005/2015 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 10 | - | - |
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Walk Score ®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 04-00001-0000-00960 | Total Assessment | $1,560,200 (2024) |
| Land Assessment | $485,800 (2024) | Annual Taxes | $14,311 ($0.94/SF) |
| Improvements Assessment | $1,074,400 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
04-00001-0000-00960
Land Assessment
$485,800 (2024)
Improvements Assessment
$1,074,400 (2024)
Total Assessment
$1,560,200 (2024)
Annual Taxes
$14,311 ($0.94/SF)
Tax Year
2023
zoning
| Zoning Code | N/Av |
| N/Av |
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210-212 Trumbull St
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