23 Main St - Apartments FOR SALE


Ogdensburg, NJ 07439
$424,900 USD
862-354-1822
23 Main St, Ogdensburg, NJ for Sale
$424,900 USD
Apartments - FOR SALE
1/13
null | 6.59% Cap Rate

23 Main St
Ogdensburg, NJ 07439


HIGHLIGHTS

  • Property ideally located minutes from Route 23 and Route 15
  • Duplex: Ground Floor Apartment: Railroad-style 2-bedroom 1 Bathroom. Second floor apartment: 1 Bedroom 1 Bath.
  • Walkable Main Street in Ogdensburg offers a variety of dining, retail, schools, places of worship and recreation.
  • Pro Forma Cap Rate of 9.43%

OVERVIEW

100% occupied with flexible lease structure - 2,997 SF net leasable - Two-family residential apartments and 4-bay body shop with office. Large parcel with ample parking. Appraisal in hand. Multiple uses, multiple income streams, maximum flexibility for either investment or owner-user - occupy an apartment, the body shop, or continue to cash flow with all tenants in place. 9%+ Cap at Stabilization.

FOR SALE DETAILS

PRICE

$424,900 USD

PRICE/SF

$274 USD /SF

# OF UNITS

3

PRICE/UNIT

$141,633

CAP RATE

6.59%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2 Bldgs. - Multifamily & Light Industrial

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

BC

APN/PARCEL ID

16-00011-0000-00008

ASK ABOUT THIS PROPERTY

Clay PannaschFairclough RealtorsMore Info
862-354-1822

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

Clay PannaschFairclough RealtorsMore Info
862-354-1822

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