308 Columbus Pl - Apartments FOR SALE


New Brunswick, NJ 08901
$828,000 USD
732-344-0701
308 Columbus Pl, New Brunswick, NJ for Sale
$828,000 USD
Apartments - FOR SALE
1/47
null | 6.11% Cap Rate

308 Columbus Pl
New Brunswick, NJ 08901


HIGHLIGHTS

  • Quiet location

OVERVIEW

Opportunities like this one do not come often! A nicely maintained 6 unit building, in a quiet area of New Brunswick is waiting to be added into your real estate portfolio. You always wanted more doors, a bigger building? Now is your chance! 6 studio apartments (all the same size) with several that have value add upside. All 6 units are leased, the total rent roll for the building is $76,140. The asking price cap rate is 6.33% with conservative underwriting. Owner pays for water, snow and lawn maintenance. Tremendous value add upside on this building! This is a great building to add into your real estate portfolio but it will not last!

FOR SALE DETAILS

PRICE

$828,000 USD

PRICE/SF

$195 USD /SF

# OF UNITS

6

PRICE/UNIT

$138,000

CAP RATE

6.11%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

6

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-5, N Brunswick

APN/PARCEL ID

13-00266-0000-00029-01

ASK ABOUT THIS PROPERTY

Peter TverdovTverdov HousingMore Info
732-344-0701

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Peter TverdovTverdov HousingMore Info
732-344-0701

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