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236 Belleville Ave
Belleville, NJ 07109

Multifamily Property For Sale · 7 Units

Investment Highlights

  • Great income upside. Current NOI is 74k with 112 NOI available.
  • Belleville is in the process of a substantive gentrification/nicely appreciating assets
  • Seller will consider a note hold for the right buyer
  • Site has ground up development capability with 14 Res units and 1,000 SF (+,-) retail/service use at ground level
  • Once acquired each of three assets could be sold separately.

PROPERTY FACTS

No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.07 AC
Building Size 8,000 SF
Average Occupancy 100%
No. Stories 2
Year Built 1950
Parking Ratio 1.78/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-05903-0000-00044
Land Assessment
$142,800
Improvements Assessment
$327,100
Total Assessment
$469,900

zoning

Zoning Code BA Zone (Ground up Development possible. Would be in the 14 - 16 Apartments and about 1,000 SF of ground level retail range..)
BA Zone (Ground up Development possible. Would be in the 14 - 16 Apartments and about 1,000 SF of ground level retail range..)
  • Listing ID: 28126506

  • Date on Market: 4/3/2023

  • Last Updated:

  • Address: 236 Belleville Ave, Belleville, NJ 07109

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