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North Plainfield & Middlesex - 11 Units 3 Properties Offered at $3,982,328 CAD in Multiple Locations
Investment Highlights
- Over $80,000 spent on capital improvements
- Private Entrances for most units
- Value-add opportunity featuring below-market rents
- The two North Plainfield properties are 0.5 miles apart and 1 mile from the Plainfield Train Station
Executive Summary
This multifamily portfolio comprises three properties totaling 11 units and one garage. The two four-family properties in North Plainfield are located only .5 miles apart. The properties are well maintained and have undergone various capital improvements over the last several years. Properties will be sold together as a complete package.
Property Facts
| Price | $3,982,328 CAD | Status | Active |
| Price / SF | $423.11 CAD / SF | Number of Properties | 3 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 6.57% | Total Building Size | 9,412 SF |
| Sale Type | Investment | Total Land Area | 0.65 AC |
| Price | $3,982,328 CAD |
| Price / SF | $423.11 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 6.57% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 9,412 SF |
| Total Land Area | 0.65 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 52 Marlborough Ave, Middlesex, NJ 08846 | Specialty | 3,316 SF | 1864 | - |
| 256-262 Grove st, North Plainfield, NJ 07060 | Multifamily | 3,216 SF | 1924 | - |
| 374 Somerset St, North Plainfield, NJ 07060 | Multifamily | 2,880 SF | 1922 | - |
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North Plainfield & Middlesex - 11 Units
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