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303-313 Mill St

7 Unit Apartment Building $1,150,000 ($164,286/Unit) 8.44% Cap Rate Belvidere, NJ 07823

Apartment Buildings New Jersey Belvidere 303-313 Mill St, Belvidere, NJ 07823

Investment Highlights

  • 8.4 % Cap Rate, Updated Units

Executive Summary

Prime Investment Opportunity 8.4 % Cap Rate

Attachments

Belvidere Financials

Financial Summary (Actual - 2024) 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 - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) 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 -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,150,000 Building Class C
Price Per Unit $164,286 Lot Size 0.12 AC
Sale Type Investment Building Size 7,615 SF
Cap Rate 8.44% Average Occupancy 95%
No. Units 7 No. Stories 3
Property Type Multifamily Year Built 1900
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
 Parking Ratio 0.66/1,000 SF
Apartment Style Low Rise
Price $1,150,000
Price Per Unit $164,286
Sale Type Investment
Cap Rate 8.44%
No. Units 7
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Apartment Style Low Rise
Building Class C
Lot Size 0.12 AC
Building Size 7,615 SF
Average Occupancy 95%
No. Stories 3
Year Built 1900
Parking Ratio 0.66/1,000 SF

Unit Amenities

  • Washer/Dryer
  • Eat-in Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven

Site Amenities

  • Storage Space

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 921 $1,900 -
1+1 311 $1,125 -
4+1 313 $2,800 -
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PROPERTY TAXES

Parcel Number 03-00011-0000-00036 Improvements Assessment $360,000
Land Assessment $200,000 Total Assessment $560,000

PROPERTY TAXES

Parcel Number
03-00011-0000-00036
Land Assessment
$200,000
Improvements Assessment
$360,000
Total Assessment
$560,000

zoning

Zoning Code B
B
(201) 406-2836

Contact

  • Listing ID: 33742753

  • Date on Market: 11/4/2024

  • Last Updated:

  • Address: 303-313 Mill St, Belvidere, NJ 07823

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303-313 Mill St
(201) 406-2836 x

303-313 Mill St

Joseph Daoud

(201) 406-2836

(201) 406-2836

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