21-25 Willoughby St - Apartments FOR SALE


Newark, NJ 07112- Weequahic
$2,700,000 USD
862-309-5617
21-25 Willoughby St, Newark, NJ for Sale
$2,700,000 USD
Apartments - FOR SALE
1/8
null | 6.78% Cap Rate

21-25 Willoughby St
Newark, NJ 07112
Weequahic


HIGHLIGHTS

  • 18-unit multifamily investment property in Newark, New Jersey.
  • Building has two entrances, and the unit mix consists of 10 one bedroom and 8 studio apartments.
  • The property was fully renovated in 2019.
  • Tenants are responsible for paying their own separately metered gas heat and electric.
  • Surveillance camera system throughout the common areas.
  • Located in the quiet residential neighborhood Weequahic with easy access to Route 78.

OVERVIEW

This 18-unit multifamily investment property is located in Newark, New Jersey and features two building entrances with a well-balanced unit mix of one-bedroom and studio apartments. The property was fully renovated in recent years and offers separate metering for gas heat and electricity, with tenants responsible for their own utilities. Common areas are equipped with a surveillance camera system, and the property is situated in the quiet residential neighborhood of Weequahic with convenient access to Route 78.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$150 USD /SF

# OF UNITS

18

PRICE/UNIT

$150,000

CAP RATE

6.78%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Willoughby Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,521 SF

ZONING

R2

APN/PARCEL ID

14-03053-01-00012

ASK ABOUT THIS PROPERTY

Tim BlashfordBerkadiaMore Info
862-309-5617

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Tim BlashfordBerkadiaMore Info
862-309-5617

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