732-750-3000
130 Grand Ave, Englewood, NJ for Sale
Apartments - FOR SALE
1/22
null | Request Cap Rate

130 Grand Ave
Englewood, NJ 07631


HIGHLIGHTS

  • Value-add opportunity through continued renovation of units upon turnover
  • Varied unit mix
  • On-site laundry
  • Recent capital improvements include $70K elevator replacement and renovated hallways
  • Tenant-paid electric, reducing ownership utility exposure
  • Strong Bergen County demographics with average household income of $156K within one mile and $170K within three miles

OVERVIEW

Garrett Apartments is a 35-unit multifamily property in Englewood, NJ, featuring 5 studios, 21 one-bedroom and 9 two-bedroom units. The property benefits from ongoing unit renovations and recent capital improvements, including a $70,000 elevator replacement and renovated hallways. Generating approximately $587,000 in NOI, the property offers strong in-place cash flow with additional rental upside as units turn.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

35

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Garrett Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

RM-A

APN/PARCEL ID

15-02408-0000-00021

ASK ABOUT THIS PROPERTY

Andrew ScheinermanThe Kislak Company, Inc.More Info
732-750-3000

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Andrew ScheinermanThe Kislak Company, Inc.More Info
732-750-3000

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