402-406 Bloomfield Ave
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402-406 Bloomfield Ave
9 Unit Apartment Building $1,650,000 ($183,333/Unit) Bloomfield, NJ 07003
Investment Highlights
- Business District
- Includes 3 Retail stores - 6 Apartments
- Newly Renovated
Executive Summary
Two story building features a total of 9 units including 3 one-bedroom, 3 two-bedroom and 3 retail stores fronts. New installs include two water tanks (75 and 80 gallon), new windows and doors, new tile floors, bathtubs, vanities, kitchen cabinets, stoves and baseboard heaters in all apartments. Units are all separately metered, tenants pay own heat and electric, owner pays hot/cold water. Property is perfectly situated just steps from NYC transportation, shopping, restaurants and very easy access to Garden State Parkway North and South. The entire building has undergone a complete renovation including brand new roof, siding, stone, complete renovation of apartments and common areas. 6.3% cap rate
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,650,000 | Building Class | C |
| Price Per Unit | $183,333 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 4,885 SF |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1890/2019 |
| Property Subtype | Apartment | Parking Ratio | 3.07/1,000 SF |
| Apartment Style | Low Rise |
| Price | $1,650,000 |
| Price Per Unit | $183,333 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,885 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1890/2019 |
| Parking Ratio | 3.07/1,000 SF |
Unit Amenities
- Dishwasher
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Business Center
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 3 | - | - |
Walk Score ®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 14-00594-0000-00015 | Improvements Assessment | $440,700 (2024) |
| Land Assessment | $256,500 (2024) | Total Assessment | $697,200 (2024) |
PROPERTY TAXES
Parcel Number
14-00594-0000-00015
Land Assessment
$256,500 (2024)
Improvements Assessment
$440,700 (2024)
Total Assessment
$697,200 (2024)
zoning
| Zoning Code | Commercial (Mixed Used commercial) |
| Commercial (Mixed Used commercial) |
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402-406 Bloomfield Ave
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