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307 Bond Street 307 Bond St 6 Unit Apartment Building $1,618,716 CAD ($269,786 CAD/Unit) 7.81% Cap Rate Elizabeth, NJ 07206
Investment Highlights
- Convenient Location
- Economic Drivers
- Strong Demographics
- Transit Oriented Location
- Newark Liberty International Airport
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase 307 Bond Street in Elizabeth, New Jersey (“the Property”). The Property consists of a three-story building containing six (6) residential units comprised of five (5), 2-Bedroom/1-Bathroom units and one (1), 1-Bedroom/1-Bathroom unit with 3,921 square feet of living area on a 0.05 acre parcel of land.
The Property is well located along Bond Street in the heart of a densely populated residential neighborhood. The Property is adjacent to the intersection with 3rd Street, one of the area’s primary commercial corridors and enjoys convenient access to area highways, public transportation, schools and major employment areas. The Property also offers convenient access to The Mills at Jersey Gardens, New Jersey’s largest outlet mall with more than 200 stores, Staten Island and Downtown Newark.
Elizabeth, the fourth largest city in New Jersey, is a suburb of New York City, located in Union County. The city is 15-miles southwest of New York City
The Property is well located along Bond Street in the heart of a densely populated residential neighborhood. The Property is adjacent to the intersection with 3rd Street, one of the area’s primary commercial corridors and enjoys convenient access to area highways, public transportation, schools and major employment areas. The Property also offers convenient access to The Mills at Jersey Gardens, New Jersey’s largest outlet mall with more than 200 stores, Staten Island and Downtown Newark.
Elizabeth, the fourth largest city in New Jersey, is a suburb of New York City, located in Union County. The city is 15-miles southwest of New York City
Property Facts
| Price | $1,618,716 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $269,786 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 7.81% | Building Size | 3,921 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $1,618,716 CAD |
| Price Per Unit | $269,786 CAD |
| Sale Type | Investment |
| Cap Rate | 7.81% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,921 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Kitchen
- Oven
- Carpet
- Freezer
Site Amenities
- Controlled Access
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 750 |
| 2+1 | 5 | - | 1,000 |
1 1
Walk Score®
Very Walkable (85)
Property Taxes
| Parcel Number | 04-00001-0000-00822 | Improvements Assessment | $517,989 CAD |
| Land Assessment | $404,679 CAD | Total Assessment | $922,668 CAD |
Property Taxes
Parcel Number
04-00001-0000-00822
Land Assessment
$404,679 CAD
Improvements Assessment
$517,989 CAD
Total Assessment
$922,668 CAD
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