122 Elmwood Ave - Apartments FOR SALE


Irvington, NJ 07111
$1,300,000 USD
201-742-6121
122 Elmwood Ave, Irvington, NJ for Sale
$1,300,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

122 Elmwood Ave
Irvington, NJ 07111


OVERVIEW

An Eight-Unit Brick Garden-Style Apartment Building with Strong Rental Demand Six of Eight Units Recently Renovated, with 100 Percent Upside in Two Remaining Units Additional Income Potential from Seven Parking Spaces & Outdoor Storage Large Basement With Opportunity to Build Additional Storage Units Vacancy Decontrol Allows Units to Be Rented at Market Rate Upon Turnover Located One Block From Springfield Avenue at Sanford Avenue Bus Station Proximity to New York City, Providing Strong Tenant Demand & Long-Term Appreciation

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$226 USD /SF

# OF UNITS

8

PRICE/UNIT

$162,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,415 SF

ZONING

N/Av

APN/PARCEL ID

09-00376-0000-00015

ASK ABOUT THIS PROPERTY

Jonathan ZamoraMarcus & MillichapMore Info
201-742-6121

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Jonathan ZamoraMarcus & MillichapMore Info
201-742-6121

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