480 Walker St - Apartments FOR SALE


Fairview, NJ 07022
$1,499,999 USD
201-917-5884
480 Walker St, Fairview, NJ for Sale
$1,499,999 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

480 Walker St
Fairview, NJ 07022


HIGHLIGHTS

  • All-Brick 4-Family / Quadplex built in 2008
  • 4,832 SF Building situated on a 5,249 SF lot
  • 14 Bedrooms / 10 Bathrooms across four residential units
  • 4 Garages Spaces | 8 Total Parking Spaces, with garage and tandem parking for each unit
  • Value-Add Rental Upside with current rents below projected market rents
  • For a tour or for questions please call Nadine Khalil at C: (973) 525-6720 E: nadinekhalil.realestate@gmail.com

OVERVIEW

480 Walker St in Fairview, NJ presents a rare opportunity to acquire a well-built, all-brick four-family property featuring 4,832 SF of building area on a 5,249 SF lot. Built in 2008, the property consists of four spacious residential units in a top/bottom quadplex configuration, with a total of 14 bedrooms and 10 bathrooms. Each unit benefits from its own garage space plus tandem parking, providing a total of 8 parking spaces and 4 garages. The property is separately metered for electric, gas, and water and features HVAC throughout. Current rents are below market levels, creating a compelling value-add opportunity for an investor to increase rental income and improve overall cash flow.

FOR SALE DETAILS

PRICE

$1,499,999 USD

PRICE/SF

$310 USD /SF

# OF UNITS

4

PRICE/UNIT

$375,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime: Fairview Quadplex | Garage-Parking

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2008

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

RC

APN/PARCEL ID

18-00309-0000-00004

ASK ABOUT THIS PROPERTY

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