40 Washington Ave
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40 Washington Ave
6 Unit Apartment Building $1,150,000 ($191,667/Unit) 5.31% Cap Rate Nutley, NJ 07110
Investment Highlights
- Excellent Investment Opportunity For A 1031 Exchange Buyer
- Current Rents Are Significantly Below Market
- Strong Household Income Area
- Upside Potential: Below Market Rents Can Be Increased To Achieve A Better Return On Investment
- Strong Population Density
Executive Summary
6 Unit Apartment Building Available For Sale In Nutley NJ.
Please Contact Exclusive Agent For Details:
Christian Marolakos: 973-342-0948
cmarolakos@levinmgt.com
Please Contact Exclusive Agent For Details:
Christian Marolakos: 973-342-0948
cmarolakos@levinmgt.com
Property Facts
| Price | $1,150,000 | Building Class | C |
| Price Per Unit | $191,667 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 5,063 SF |
| Cap Rate | 5.31% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 0.83/1,000 SF |
| Apartment Style | Low Rise |
| Price | $1,150,000 |
| Price Per Unit | $191,667 |
| Sale Type | Investment |
| Cap Rate | 5.31% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,063 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 0.83/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
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Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 16-09601-0000-00005 | Improvements Assessment | $312,600 |
| Land Assessment | $363,300 | Total Assessment | $675,900 |
PROPERTY TAXES
Parcel Number
16-09601-0000-00005
Land Assessment
$363,300
Improvements Assessment
$312,600
Total Assessment
$675,900
zoning
| Zoning Code | N/Av, Nutley |
| N/Av, Nutley |
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Levin Management Corporation - Brokerage
40 Washington Ave
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