81 Center St - Multi-Family FOR SALE


Clifton, NJ 07011- Botany Village
$900,000 USD
201-215-1811
81 Center St, Clifton, NJ for Sale
$900,000 USD
Multi-Family - FOR SALE
1/5
null | 6.16% Cap Rate

81 Center St
Clifton, NJ 07011
Botany Village


HIGHLIGHTS

  • Convenient Location
  • Transit Oriented Location
  • Upside Potential
  • Montclair State University
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment Property located at 81 Center Street in Clifton, New Jersey (“the Property”). The multi-family Property is improved by a two-story brick building and contains three (3), 1-Bedroom/1- Bathroom residential units and one (1) 2-Bedroom/1-Bathroom residential units with 2,265 square feet of living area on a 0.05-acre parcel of land. The Property is separately metered for heat, hot water and electricity, which the tenants pay directly. The Property is located along Center Street in a densely populated residential neighborhood and enjoys close proximity to Lexington, Central, and Main Avenues, three of the area’s primary commercial corridors. 81 Center Street is 1.7 miles from the Garfield and Plauderville Train Stations (with service on the BERG Line) and 2 miles from the Clifton and Passaic Train Stations with direct service to Manhattan’s Penn Station on the MAIN Line. The Property also offers convenient access to NJ Route 21, the Garden State Parkway, US Route 46, and Interstate 80. 81 Center Street is also close to area schools, national and local retailers and restaurants, and St. Mary’s General Hospital. Clifton, New Jersey, is a diverse and vibrant city located in Passaic County, about 10 miles west of New York City.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$396 USD /SF

# OF UNITS

4

PRICE/UNIT

$225,000

CAP RATE

6.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

81 Center St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1916

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Mike AgrifolioHorvath & TremblayMore Info
201-215-1811

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

Mike AgrifolioHorvath & TremblayMore Info
201-215-1811

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