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423 Jersey Avenue
Elizabeth, NJ 07202
Asking Price
$1.60M
Cap Rate
7%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
<ul><li>100% Occupied Multifamily Asset Located in Elizabeth, Union County, New Jersey</li><li>Well- Maintained Property Featuring 9 Residential Apartments With On- Site Parking</li><li>Off- Street Parking Lot- 16 Spots Generating Additional Income</li><li>Positioned Near Elmora Avenue, One of Elizabeth’s Primary Commercial Corridors</li><li>Excellent Regional Connectivity with Convenient Access to Major Highways and Transportation Routes</li><li>Located Within A Dense And Affluent Trade A
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NOI
$80,000
Cap Rate
5.00%
DSCR
0.84
Underwater
Cash-on-Cash
-3.12%
Monthly Payment
$7,915.927
Annual Cash Flow
$-14,991.124
