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383 Avenue C
Bayonne, NJ 07002
Multifamily Property For Sale
·
15 Units
Investment Highlights
- 5 Residential Units + ground floor store front solid brick mixed-use property
- new silver-coated flat roof, wood and vinyl tile flooring, a full basement, and a private backyard
- Residential layout includes two 3-bedroom apartments and three 2-bedroom apartments, ideal for attracting long-term tenants, while the retail space ad
Executive Summary
This 5 Residential Units + ground floor store front solid brick mixed-use property nestled in a neighbourhood that's actively growing and evolving, offering a strong and diversified income stream. The residential layout includes two 3-bedroom apartments and three 2-bedroom apartments, ideal for attracting long-term tenants, while the retail space adds consistent commercial income. The building is equipped with a new silver-coated flat roof, wood and vinyl tile flooring, a full basement, and a private backyard, enhancing both durability and tenant appeal. With 7 separate electrical meters, 6 gas meters, individual gas water heaters, and gas heating units, the property is efficiently configured for simplified utility management and reduced operating costs. Additional feature such as a fire escape contribute to safety ,making this a well-positioned, low-maintenance investment with strong in-place cash flow and long-term upside.
Property Facts
| Price Per Unit | $136,879 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| No. Units | 15 | Building Size | 5,235 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1978 |
| Apartment Style | Low-Rise | ||
| Zoning | R-3 | ||
| Price Per Unit | $136,879 CAD |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,235 SF |
| No. Stories | 3 |
| Year Built | 1978 |
| Zoning | R-3 |
Amenities
Unit Amenities
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Hardwood Floors
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $2,053 CAD | - |
| 2+1 | 2 | $2,053 CAD | - |
| 2+1 | 3 | $2,053 CAD | - |
| 3+1 | 4 | $2,395 CAD | - |
| 3+1 | 5 | $2,395 CAD | - |
Property Taxes
| Parcel Number | 01-00238-0000-00021 | Improvements Assessment | $483,296 CAD |
| Land Assessment | $238,312 CAD | Total Assessment | $721,607 CAD |
Property Taxes
Parcel Number
01-00238-0000-00021
Land Assessment
$238,312 CAD
Improvements Assessment
$483,296 CAD
Total Assessment
$721,607 CAD
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