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The Pilgrim 204 Church St

22 Unit Apartment Building $6,795,000 ($308,864/Unit) Boonton, NJ 07005

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EXECUTIVE SUMMARY

WELCOME TO THE PILGRIM! This 22-unit multifamily property in the rapidly growing town of Boonton, NJ offers an incredible VALUE-ADD investment opportunity. Each apartment offers oversized square footage that sets this building apart from others. 9 units have been totally updated and there’s more growth opportunity to update and increase below market rents. The building is very well-maintained and ownership has invested over 1M of updates through the years. Bonus cell tower on the roof producing $29,800 in annual income. Located in a booming area near shops, restaurants, and major transit, this property offers stable cash flow with significant upside in a highly desirable market. Text George Marogi for additional information (201) 694-9054

PROPERTY FACTS

Price	$6,795,000	Building Class	C
Price Per Unit	$308,864	Lot Size	0.20 AC
Sale Type	Investment	Building Size	42,000 SF
No. Units	22	Average Occupancy	100%
Property Type	Multifamily	No. Stories	6
Property Subtype	Apartment	Year Built	1920
Apartment Style	Mid Rise

Price	$6,795,000
Price Per Unit	$308,864
Sale Type	Investment
No. Units	22
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid Rise
Building Class	C
Lot Size	0.20 AC
Building Size	42,000 SF
Average Occupancy	100%
No. Stories	6
Year Built	1920