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113 Wales Ave 6 Unit Apartment Building $3,057,886 CAD ($509,648 CAD/Unit) 6.27% Cap Rate Jersey City, NJ 07306
Investment Highlights
- New Construction Opportunity- 6 Units, 2 Buildings, 100% Free Market, 6.27% Cap Rate, New Construction (2015)
- Strong unit mix of 2- and 3-bedroom apartments, In-Unit Washer/Dryer, Stainless Steel Appliances, Granite Countertops, & Oversized Closets
- Convenient Transportation- The building is approximately a 17-minute walk to the Journal Square Station
- Building Highlights- 4 Garage Parking Spaces + 2 Dedicated Parking Spaces, Large apartments averaging ±1,333 SF, Central HVAC
- Tenant pays for heat, hot water, cooking gas, & electric, Landlord is responsible for water & sewer, Prime Location in Journal Square, Jersey City
Executive Summary
Name
Patrick Forde
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # 2330333, 122887 (NJ)
Address
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
Phone
(866) 889-0550
Patrick Forde
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # 2330333, 122887 (NJ)
Address
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
Phone
(866) 889-0550
Property Facts
| Price | $3,057,886 CAD | Building Class | B |
| Price Per Unit | $509,648 CAD | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 8,000 SF |
| Cap Rate | 6.27% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2015 |
| Property Subtype | Apartment | Parking Ratio | 0.5/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $3,057,886 CAD |
| Price Per Unit | $509,648 CAD |
| Sale Type | Investment |
| Cap Rate | 6.27% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 8,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2015 |
| Parking Ratio | 0.5/1,000 SF |
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Fairly walkable
50/100
Moderately drivable
60/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,631,330 CAD | |
| Land Assessment | $548,992 CAD | Total Assessment | $2,180,322 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$548,992 CAD
Improvements Assessment
$1,631,330 CAD
Total Assessment
$2,180,322 CAD
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113 Wales Ave
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