146 North Ave - Apartments FOR SALE


Plainfield, NJ 07060
$1,200,000 USD
908-764-9878
146 North Ave, Plainfield, NJ for Sale
$1,200,000 USD
Apartments - FOR SALE
1/15
null | 6.27% Cap Rate

146 North Ave
Plainfield, NJ 07060


HIGHLIGHTS

  • Fully occupied with stable tenancy
  • Undersupplied market for small units
  • Commuter-friendly location near major corridors
  • Adjacent to Plainfield Train Station

OVERVIEW

Prime 5-Unit Mixed-Use Building Steps from the Plainfield Train Station!Exceptional investment opportunity featuring 2 street-level commercial spaces and 3 well-maintained residential apartments. The residential mix includes a spacious 4-bedroom, 2-bath unit, a 2-bedroom, 1-bath unit, and a 1-bedroom, 1-bath unit all with long-term tenants in place. Zoned for potential expansion with air rights allowing up to 5 stories, offering tremendous upside in a rapidly developing area.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$224 USD /SF

# OF UNITS

5

PRICE/UNIT

$240,000

CAP RATE

6.27%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

146 north ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1884

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,516 SF

ZONING

-

APN/PARCEL ID

12-00314-0000-00010

ASK ABOUT THIS PROPERTY

Brian FernandesRE/MAX CentralMore Info
908-764-9878

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

Brian FernandesRE/MAX CentralMore Info
908-764-9878

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