Essex County Portfolio
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Essex County Portfolio
3 Multifamily Properties Offered at $2,850,000 in Multiple Locations
Investment Highlights
- 17-unit, 3 Property, Portfolio in Essex County, New Jersey
- Assumable Debt of 4.38% for 7.5 years, Floating Rate for additional 10 years; Current Principal Balance of $2,065,075
- 15 Two Bedroom Apartments, 2 Commercial Spaces
Executive Summary
This portfolio in Essex County, New Jersey presents an investor with the rare opportunity to acquire 15 apartment units and 2 commercial
spaces. The portfolio contains two properties in Newark that are adjacent to each other and one property in Irvington. The unit mix is strong
with two-bedroom units. The investment provides a potential owner with the ability to add value through management improvements and
unit renovations to capture the 49% of rental upside.
spaces. The portfolio contains two properties in Newark that are adjacent to each other and one property in Irvington. The unit mix is strong
with two-bedroom units. The investment provides a potential owner with the ability to add value through management improvements and
unit renovations to capture the 49% of rental upside.
Property Facts
| Price | $2,850,000 | Number of Properties | 3 |
| Price / SF | $215.79 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 13,207 SF |
| Status | Active | Total Land Area | 0.20 AC |
| Price | $2,850,000 |
| Price / SF | $215.79 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 13,207 SF |
| Total Land Area | 0.20 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 188 N 12th St, Newark, NJ 07107 | Multifamily | 5,026 SF | 1970 | - |
| 186 N 12th St, Newark, NJ 07107 | Multifamily | 2,542 SF | - | - |
| 327 16th Ave, Irvington, NJ 07111 | Multifamily | 5,639 SF | 1900 | - |
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Essex County Portfolio
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