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104 1st Street
Elizabeth, NJ 07206
Asking Price
$3.80M
Asset Type
Apartment Building Retail
Class
Class B
What's Special
14 Unit apartment building near waterfront <h2>104 First Street, Elizabeth NJ</h2><h3>Stabilized Value-Add Multifamily Asset with Significant Rental Upside</h3><h2>Investment Highlights</h2><ul><li>14-Unit Multifamily Investment Opportunity</li><li>Stabilized Asset with Immediate Cash Flow</li><li>Significant Rental Upside Potential</li><li>Below Replacement Cost Basis</li><li>Forecasted Stabilized Cap Rate of Approximately 5.91%</li><li>Projected NOI Increase of Over $84,000 Annually</li><li>Strong Long-Term Appreciation Potentia
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NOI
$80,000
Cap Rate
2.11%
DSCR
0.35
Underwater
Cash-on-Cash
-12.77%
Monthly Payment
$18,795.379
Annual Cash Flow
$-145,544.55
