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224 GLEN RD
SPARTA, NJ 07871-3172
Asking Price
$1.19M
Cap Rate
6.5%
Asset Type
Multifamily
Class
Class B
What's Special
Sparta, NJ Multifamily - Fully Leased with Upside <ul><li><strong>Rarity:</strong> The first five-unit multifamily to hit the Sparta submarket in years; fully leased, minimal deferred maintenance.</li><li><strong>Income upside:</strong> Current rents below market — straightforward lease renewals move the cap rate significantly, without a dollar of renovation needed.</li><li><strong>Market-proof demand:</strong> Sparta's school district ranking and Lake Mohawk lifestyle keep rental vacancy functionally at near-zero</li><li><strong>Unit mix:<
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NOI
$80,000
Cap Rate
6.75%
DSCR
1.14
Tight
Cash-on-Cash
2.71%
Monthly Payment
$5,862.733
Annual Cash Flow
$9,647.199