210-212 Trumbull St
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210-212 Trumbull St
13 Unit Block of Flats £2,448,241 (£188,326/Unit) 6.85% Net Initial Yield Elizabeth, NJ 07206
Executive Summary
Great Investment Opportunity. 11 Residential units + 2 commercial units. Property is fully Leases. Separate utilities. Close to Newark airport, Elizabeth seaport, and Jersey Gardens Mall.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£205,001
|
£13.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£205,001
|
£13.41
|
| Taxes |
£11,291
|
£0.74
|
| Operating Expenses |
£26,269
|
£1.72
|
| Total Expenses |
£37,560
|
£2.46
|
| Net Operating Income |
£167,441
|
£10.95
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £205,001 |
| Annual Per SF | £13.41 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £205,001 |
| Annual Per SF | £13.41 |
| Taxes | |
|---|---|
| Annual | £11,291 |
| Annual Per SF | £0.74 |
| Operating Expenses | |
|---|---|
| Annual | £26,269 |
| Annual Per SF | £1.72 |
| Total Expenses | |
|---|---|
| Annual | £37,560 |
| Annual Per SF | £2.46 |
| Net Operating Income | |
|---|---|
| Annual | £167,441 |
| Annual Per SF | £10.95 |
Property Facts
| Price | £2,448,241 | Building Class | C |
| Price Per Unit | £188,326 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 15,285 SF |
| Net Initial Yield | 6.85% | Average Occupancy | 100% |
| No. Units | 13 | Number of Floors | 3 |
| Property Type | Residential | Year Built/Renovated | 2005/2015 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | £2,448,241 |
| Price Per Unit | £188,326 |
| Sale Type | Investment |
| Net Initial Yield | 6.85% |
| No. Units | 13 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 15,285 SF |
| Average Occupancy | 100% |
| Number of Floors | 3 |
| Year Built/Renovated | 2005/2015 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 10 | - | - |
1 of 1
Walk Score ®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 04-00001-0000-00960 | Total Assessment | £1,232,574 (2024) |
| Land Assessment | £383,787 (2024) | Annual Taxes | £11,291 (£0.74/sf) |
| Improvements Assessment | £848,787 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
04-00001-0000-00960
Land Assessment
£383,787 (2024)
Improvements Assessment
£848,787 (2024)
Total Assessment
£1,232,574 (2024)
Annual Taxes
£11,291 (£0.74/sf)
Tax Year
2023
zoning
| Zoning Code | N/Av |
| N/Av |
-
Luis Nogueira -
Patrick Dwyer -
Exit Lucky Realty
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210-212 Trumbull St
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