100 Claremont Ave - Multi-Family FOR SALE


Verona, NJ 07044
$900,000 USD
201-314-9899
100 Claremont Ave, Verona, NJ for Sale
$900,000 USD
Multi-Family - FOR SALE
1/20
null | Request Cap Rate

100 Claremont Ave
Verona, NJ 07044


OVERVIEW

Stabilized 3-unit property delivering strong current income with built-in upside. All units leased, generating $4,887.50/month in residential rents plus $230/month from a separately rented garage $61,410 gross annually.Unit mix: two 2-bedroom/1-bath and one 1-bedroom/1-bath. All units separately metered with tenants paying their own utilities, keeping operating expenses low and cash flow predictable. In-basement laundry, plus assigned parking for each unit.Current rents are below market comparable units in Verona support an additional $200/month per unit at lease expiration, providing a clear path to increased returns without renovation. Lease expirations stagger through 2026, offering stabilized income today with natural rent reset opportunities ahead.Verona's rental demand remains strong, driven by top-rated schools, a walkable downtown, and direct NYC transit access fundamentals that support low vacancy and durable long-term returns.A clean, income-producing asset in a high-demand market. Perfect for the buy-and-hold investor looking to add a performing property to their portfolio.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

3

PRICE/UNIT

$300,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100 Claremont Ave

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1921

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

20-00807-0000-00029

ASK ABOUT THIS PROPERTY

Summer FaillaCentury 21-The CrossingMore Info
201-314-9899

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Summer FaillaCentury 21-The CrossingMore Info
201-314-9899

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.