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49-53 Main St

8 Unit Apartment Building $1,399,000 ($174,875/Unit) 8% Cap Rate Sussex, NJ 07461

Apartment Buildings New Jersey Sussex 49-53 Main St, Sussex, NJ 07461

Executive Summary

11 Unit building. One of a kind masonry construction. 8 Residential Luxury Apartments, fully rented. 2 Commercial Stores, fully rented. 1 Storage Space, fully rented.
All utilities separately metered. Elevator building. Sprinklered. Long term tenants. Fantastic Opportunity to own one of the finest apartment buildings in Northern NJ. Major Upside in rents.

Property Facts

Price $1,399,000 Building Class C
Price Per Unit $174,875 Lot Size 0.08 AC
Sale Type Investment Building Size 15,000 SF
Cap Rate 8% No. Stories 3
No. Units 8 Year Built/Renovated 1800/2006
Property Type Multifamily Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype Apartment
Price $1,399,000
Price Per Unit $174,875
Sale Type Investment
Cap Rate 8%
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.08 AC
Building Size 15,000 SF
No. Stories 3
Year Built/Renovated 1800/2006
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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PROPERTY TAXES

Parcel Number 21-00703-0000-00005 Improvements Assessment $336,500
Land Assessment $32,300 Total Assessment $368,800

PROPERTY TAXES

Parcel Number
21-00703-0000-00005
Land Assessment
$32,300
Improvements Assessment
$336,500
Total Assessment
$368,800

zoning

Zoning Code NA
NA
(973) 580-9123

Contact

  • Listing ID: 33583215

  • Date on Market: 10/21/2024

  • Last Updated:

  • Address: 49-53 Main St, Sussex, NJ 07461

More public record information on 49-53 Main St, Sussex, NJ 07461

The Multifamily Property at 49-53 Main St, Sussex, NJ 07461 is currently available for sale. Contact Fairclough Realtors for more information.

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49-53 Main St
(973) 580-9123 x

49-53 Main St

Brian Fairclough

(973) 580-9123

(973) 580-9123

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