288 W Clinton St - Apartments FOR SALE


Dover, NJ 07801
$2,960,000 USD
646-408-8024
288 W Clinton St, Dover, NJ for Sale
$2,960,000 USD
Apartments - FOR SALE
1/74
null | 7.02% Cap Rate

288 W Clinton St
Dover, NJ 07801


HIGHLIGHTS

  • Twelve-unit package across three contiguous buildings, including 288 W Clinton Street.
  • Each apartment features separately metered utilities, reducing operational complexity.
  • Opportunity Zone designation offers favorable tax incentive potential to qualified investors.
  • Convenient location near Routes 15, 46, and Interstate 80 with access to NJ Transit rail service.

OVERVIEW

Twelve regularly updated and well-maintained apartments across 3 contiguous buildings, all with completely separated utilities including water/sewer. Very little landlord expense. Two side by side 3 unit buildings (5 Bowlby and 7 Bowlby) and a Third 6 unit building (288 W. Clinton) all of whose rear yards touch each other making property management convenient. A mix of Seven 2 BR 1.5 BA and Five 1 BR/1 BA units. Heat is hot water baseboard paid by tenants and there is plenty of parking throughout. This strong cash flowing and easy to manage investment would make a wonderful addition to any portfolio. Please contact broker for detailed Income and Expenses.

FOR SALE DETAILS

PRICE

$2,960,000 USD

PRICE/SF

$341 USD /SF

# OF UNITS

12

PRICE/UNIT

$246,667

CAP RATE

7.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Clinton and Bowlby

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,755 SF

ZONING

IND, 4C

APN/PARCEL ID

09-00810-0000-00002,09-00810-0000-00002-01,09-00810-0000-00002-02

ASK ABOUT THIS PROPERTY

Marc WeitzFairclough RealtorsMore Info
646-408-8024

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Marc WeitzFairclough RealtorsMore Info
646-408-8024

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