325-327 John St
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325-327 John St
5 Unit Apartment Building $1,200,000 ($240,000/Unit) 7% Cap Rate Elizabeth, NJ 07202
Investment Highlights
- 3 Minutes from Elizabeth NJ Transit
- 7 Minutes from Newark Airport
- Right off of Rt 1&9
- 10 Minutes from the mills at Jersey Gardens
Executive Summary
Presenting a 5-unit brick apartment building. 4 units comprise 2 bedrooms, living and dining areas, and a bathroom each. The 5th unit features 2 bedrooms, living and dining spaces, a studio, and a bathroom. Additionally there is a parking lot in the back consisting of 6 parking spaces for tenants. Conveniently situated just a three-minute drive from Elizabeth NJ Transit, one-minute from Route 1&9 with Newark Airport Terminal just seven minutes away and The Mills at Jersey Gardens a ten-minute drive
Property Facts
| Price | $1,200,000 | Apartment Style | Low Rise |
| Price Per Unit | $240,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 7% | Building Size | 5,726 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1976 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $1,200,000 |
| Price Per Unit | $240,000 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,726 SF |
| No. Stories | 3 |
| Year Built | 1976 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 3+1 | 1 | - | - |
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Walk Score ®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 04-00009-0000-00848 | Improvements Assessment | $794,400 |
| Land Assessment | $300,000 | Total Assessment | $1,094,400 |
PROPERTY TAXES
Parcel Number
04-00009-0000-00848
Land Assessment
$300,000
Improvements Assessment
$794,400
Total Assessment
$1,094,400
zoning
| Zoning Code | R-2 |
| R-2 |
(732) 750-4663
x102
Contacts
-
Barbara Sancilardi -
Joseph Cimilluca -
Giuseppe Margiottiello -
Century 21 Main Street Realty
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325-327 John St
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