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325-327 John St

5 Unit Block of Flats £938,940 (£187,788/Unit) 7% Net Initial Yield Elizabeth, NJ 07202

Investment Highlights

  • 3 Minutes from Elizabeth NJ Transit
  • 7 Minutes from Newark Airport
  • Right off of Rt 1&9
  • 10 Minutes from the mills at Jersey Gardens

Executive Summary

Presenting a 5-unit brick apartment building. 4 units comprise 2 bedrooms, living and dining areas, and a bathroom each. The 5th unit features 2 bedrooms, living and dining spaces, a studio, and a bathroom. Additionally there is a parking lot in the back consisting of 6 parking spaces for tenants. Conveniently situated just a three-minute drive from Elizabeth NJ Transit, one-minute from Route 1&9 with Newark Airport Terminal just seven minutes away and The Mills at Jersey Gardens a ten-minute drive

Property Facts

Price £938,940
Price Per Unit £187,788
Sale Type Investment
Net Initial Yield 7%
No. Units 5
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.11 AC
Building Size 5,726 SF
Number of Floors 3
Year Built 1976
Opportunity Zone Yes

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1 4 - -
3+1 1 - -
Walk Score ®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04-00009-0000-00848
Land Assessment
£234,735
Improvements Assessment
£621,578
Total Assessment
£856,313

zoning

Zoning Code R-2
R-2
  • Listing ID: 32557542

  • Date on Market: 23/07/2024

  • Last Updated:

  • Address: 325-327 John St, Elizabeth, NJ 07202

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