18 Delar Pky | Franklin Park, NJ 08823
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18 Delar Pky
Franklin Park, NJ 08823
Delar Woods · Multifamily Property For Sale
·
18 Units
INVESTMENT HIGHLIGHTS
- Value-add property boasting renovated units with luxurious finishes across two buildings with a variety mix of studios and one- and two-bedrooms.
- There is a tremendous amount of upside in the under-market rents; there are currently more than 17% below-market in a non-rent control municipality.
- Nearby retailers include brands like Dollar General, Target, Walgreens, AutoZone, IHOP Pancake House, TD Bank, Wawa Convenience Store, and more.
- Franklin Park is directly west of New Brunswick, and it has top-rated schools, including a National Blue Ribbon School, Cedar Hill Preparatory School.
- Nearly 117,500 people are living within five miles with an average household income of over $142,000.
PROPERTY FACTS
| No. Units | 18 | Building Size | 12,150 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1970 |
| Building Class | C | Parking Ratio | 0.91/1,000 SF |
| Lot Size | 5.43 AC | ||
| Zoning | CR | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 5.43 AC |
| Building Size | 12,150 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 0.91/1,000 SF |
| Zoning | CR |
AMENITIES
UNIT AMENITIES
- Microwave
- Eat-in Kitchen
- Granite Countertops
- Hardwood Floors
- Stainless Steel Appliances
- Island Kitchen
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 8 | - | - |
| 2+1 | 8 | - | - |
PROPERTY TAXES
| Parcel Number | 08-00034-05-00052-06 | Improvements Assessment | $2,215,415 |
| Land Assessment | $984,629 | Total Assessment | $3,200,044 |
PROPERTY TAXES
Parcel Number
08-00034-05-00052-06
Land Assessment
$984,629
Improvements Assessment
$2,215,415
Total Assessment
$3,200,044
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