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451 Springdale Ave 7 Unit Apartment Building $2,477,758 CAD ($353,965 CAD/Unit) 4.95% Cap Rate East Orange, NJ 07017
INVESTMENT HIGHLIGHTS
- Located in vibrant East Orange neighborhood with high foot traffic
- Conveniently located to major transportation services
- This building is a strong income producing asset
- Recently renovated apartment units
EXECUTIVE SUMMARY
This prime mixed-use building features 7 spacious apartments (2, 3 bedroom layouts) and a versatile retail space, currently rented as lucrative convenient store. This wonderfully maintained all brick two- story mixed use building, characterized by its unique architectural features comprising a total of seven apartment units, each residence offers ample living space thoughtfully renovated to align with modern living concepts, complete with 6- two bedrooms and 1-three bedroom with one full bath respectively. The kitchens are equipped with stainless steel appliances and seamlessly flow into spacious living and dining areas. For added comfort, central air conditioning is provided in each unit. Located in vibrant East Orange neighborhood with high foot traffic, conveniently located to major transportation services. This building is a strong income producing asset.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
| 3+1 | 1 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 05-00563-0000-00009 | Total Assessment | $1,498,713 CAD (2025) |
| Land Assessment | $226,945 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,271,767 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
05-00563-0000-00009
Land Assessment
$226,945 CAD (2025)
Improvements Assessment
$1,271,767 CAD (2025)
Total Assessment
$1,498,713 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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451 Springdale Ave
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