300 Garibaldi Ave - Apartments FOR SALE


Lodi, NJ 07644
$2,199,999 USD
201-315-1223
300 Garibaldi Ave, Lodi, NJ for Sale
$2,199,999 USD
Apartments - FOR SALE
1/31
null | 6.31% Cap Rate

300 Garibaldi Ave
Lodi, NJ 07644


HIGHLIGHTS

  • 10 Residential Units | Fully leased and performing
  • 6.0% Cap Rate on day one
  • Cash-on-Cash Return: 4.0% (Year 1) with value appreciation over time
  • Projected IRR: 14.5% over 10 years
  • Strong operating income: $138,921 NOI
  • Located in an area of minimal flood risk with no DEP or wetland restrictions

OVERVIEW

Trophy 10-Unit Multifamily Investment | Prime Bergen County Location KW Commercial proudly presents this exclusive investment opportunity to acquire a stabilized, income-producing 10-unit residential property located in the heart of Lodi, Bergen County, NJ. Built in 1970 and well maintained, this low-rise brick building offers a strong blend of long-term tenant retention, consistent cash flow, and future rental upside. The unit mix consists of efficiently laid-out 1-bedroom apartments featuring hardwood floors, wall-unit AC, shared laundry facilities, and off-street parking. With a newer roof, updated mechanicals, and full occupancy, this asset provides immediate income with minimal maintenance. Located just minutes from Route 46, I-80, and the George Washington Bridge, the property offers exceptional commuter access and proximity to key commercial corridors. Property Highlights: * 10 residential units | 100% leased * Net Operating Income: $132,045 * Cap Rate: 6.0% * Projected IRR: 14.5% over 10 years * Building Size: ±6,800 SF | Lot Size: ±7,731 SF * All brick construction with surface parking * No DEP wetlands or FEMA flood issues * Strategically positioned near NYC, public transit, shopping, and dining This is a rare opportunity to secure a turnkey, performing asset in one of Northern New Jersey’s most competitive and supply-constrained markets.

FOR SALE DETAILS

PRICE

$2,199,999 USD

PRICE/SF

$364 USD /SF

# OF UNITS

10

PRICE/UNIT

$220,000

CAP RATE

6.31%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Investment Sale | 10 Apartments | 6.02% Cap

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,102 SF

ZONING

N/Av, Lodi

APN/PARCEL ID

31-00137-0000-00021

ASK ABOUT THIS PROPERTY

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201-315-1223

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