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1 Dewitt Road
Elizabeth, NJ 07208
Asking Price
$11.75M
Cap Rate
6%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 53 Units | $1,655/unit <ul><li>1 Dewitt Road is a 53-unit multifamily property built in 1937 and positioned to deliver durable cash flow in one of Union County's most densely populated and renter driven submarkets. The scale of the asset provides operational efficiencies not typically found in smaller walk-up properties.</li><li>The Property's modernized condition, combined with heat and hot water included in rent, positions it competitively within the local rental market and reduces the operational burden. Its five
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NOI
$80,000
Cap Rate
0.68%
DSCR
0.11
Underwater
Cash-on-Cash
-17.52%
Monthly Payment
$58,132.589
Annual Cash Flow
$-617,591.068
