15 Unit | Investment Sale | Market Rate Units | 12-56 River Rd
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15 Unit | Investment Sale | Market Rate Units 12-56 River Rd
14 Unit Apartment Building $4,500,000 ($321,429/Unit) 6.15% Cap Rate Fair Lawn, NJ 07410
INVESTMENT HIGHLIGHTS
- Heavy Retail Foot Traffic
- (15) Units of Income Producing Opportunity
- Increased Rents now show a 6.32% Cap Rate
- Easy Escalation in Rents Year-over-year
- (10) Residential Units; (5) Commercial
- 25 Parking Spaces
EXECUTIVE SUMMARY
The Elia Realty Group (ERG) powered by KW Commercial, are proud to present an exciting new investment sale opportunity in Fair Lawn, NJ. Located just miles from NYC, this mixed-use retail / residential investment is prime for a savvy or novice investor. The property consists of 15 total units, with a breakdown of 4 retail storefront spaces, 1 Office Suite, and 10 residential apartments.
The building is all brick consisting of approx. 13,469 sqft on three floors and was built in 2007 and has been maintained in excellent condition throughout its ownership lifetime. With ability to consistently escalate rents in an attractive Northern, NJ town, this investment is ready for a buyer looking to purchase on a 1031 exchange, or to park money and watch it grow year over year.
The building is all brick consisting of approx. 13,469 sqft on three floors and was built in 2007 and has been maintained in excellent condition throughout its ownership lifetime. With ability to consistently escalate rents in an attractive Northern, NJ town, this investment is ready for a buyer looking to purchase on a 1031 exchange, or to park money and watch it grow year over year.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Microwave
- Heating
- Ceiling Fans
- Crown Molding
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- Vaulted Ceiling
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Wi-Fi
- Yard
- Den
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Laundry Facilities
- On-Site Retail
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,913 | 700 - 875 |
| 1+1.5 | 2 | $2,050 | 700 - 875 |
| 2+1.5 | 6 | $2,400 | 800 - 985 |
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Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 17-05613-0000-00010 | Improvements Assessment | $1,280,400 |
| Land Assessment | $742,500 | Total Assessment | $2,022,900 |
PROPERTY TAXES
Parcel Number
17-05613-0000-00010
Land Assessment
$742,500
Improvements Assessment
$1,280,400
Total Assessment
$2,022,900
ZONING
| Zoning Code | B-4 |
| B-4 |
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15 Unit | Investment Sale | Market Rate Units | 12-56 River Rd
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