2 John St - Apartments FOR SALE
Haledon, NJ 07508 |
2 John St
Haledon, NJ 07508
HIGHLIGHTS
- THE INVESTMENT: 30-Unit, 4-Story, New Construction Apartment Building with A Separate 5,950 Retail Space on the Same Parcel Which is Currently Approve
- ASSUMABLE DEBT: The Property has Attractive Assumable Debt with a 3.28% Interest Rate Until 2033 and One Year of IO Left (12/30/2024).
- EXCEPTIONAL RENT GROWTH: Haledon, NJ Has Seen Rent Grow 8.5% Over the Last 2 Years with Internal Upside at 23%.
- UTILITY BREAKDOWN: Tenants are Responsible for their own Separately Metered Electric, Water, and Gas.
- ATTRACTIVE UNIT MIX: 93% 2 Bedroom Style Apartments with a Breakdown of 1 One-Bedroom, 1 One-Bedroom Den, 18 Two-Bedroom, and 10 Two-Bedroom Loft Apar
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Storefront Retail/Residential
TOTAL BUILDING SIZE
47195
STORIES
3
YEAR BUILT
2018
PARKING SPACES
55
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
03-00120-0000-00022
