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Multi Family - Alpha, NJ 1140 East Blvd 2 Unit Apartment Building $663,062 CAD ($331,531 CAD/Unit) 6.74% Cap Rate Phillipsburg, NJ 08865
EXECUTIVE SUMMARY
2 unit apartment building consisting of two, 2 bedroom 1 bath units. Both units are rented, both units are separately metered so tenants pay their own utilities. Building was completed renovated in 2010 and includes the following amenities; Washer & dryer in each unit, refrigerator, dishwasher and stove in kitchens, oak kitchen cabinets, tiled kitchens, tiled bathrooms and central Air & heat with each unit having its own thermostat and unit.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$47,707
|
$21.68
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$47,707
|
$21.68
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$18,804
|
$8.55
|
| Net Operating Income |
$28,903
|
$13.14
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $47,707 |
| Annual Per SF | $21.68 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $47,707 |
| Annual Per SF | $21.68 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $18,804 |
| Annual Per SF | $8.55 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $28,903 |
| Annual Per SF | $13.14 |
PROPERTY FACTS
| Price | $663,062 CAD | Building Class | C |
| Price Per Unit | $331,531 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 2,200 SF |
| Cap Rate | 6.74% | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1905/2010 |
| Property Subtype | Apartment | Parking Ratio | 1.82/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R5 - Residential Multifamily | ||
| Price | $663,062 CAD |
| Price Per Unit | $331,531 CAD |
| Sale Type | Investment |
| Cap Rate | 6.74% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1905/2010 |
| Parking Ratio | 1.82/1,000 SF |
| Zoning | R5 - Residential Multifamily |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
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Multi Family - Alpha, NJ | 1140 East Blvd
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