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478 Fabyan Pl 4 Unit Apartment Building $1,374,981 CAD ($343,745 CAD/Unit) 6.53% Cap Rate Newark, NJ 07112
INVESTMENT HIGHLIGHTS
- Recent Renovated
- Fully Occupied
EXECUTIVE SUMMARY
Well maintained 4 family available in a great location on the boarder of Hillside and Newark. Conveniently located near major highways, minutes from Newark International Airport, 30 minutes from NYC, and easy access to public transportation. Two story building with two apartments on each floor. Apartment 1L is a large 3 bedroom 2 bath unit fully renovated in 2024. Apartment 1R is a 1 bedroom 1 bath unit. Apartment 2L is a large 2 bedroom, 2 bath. Apartment 2R is a large 2 floor unit , fully renovated in 2025 with 2 bedrooms and 2 bath. Separate utilities for each unit and full unfinished basement.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 Under Contract
| Price | $1,374,981 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $343,745 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 3,000 SF |
| Cap Rate | 6.53% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1952/2024 |
| Property Subtype | Apartment | Parking Ratio | 0.67/1,000 SF |
| Zoning | R2 - Residential | ||
| Price | $1,374,981 CAD |
| Price Per Unit | $343,745 CAD |
| Sale Type | Investment |
| Cap Rate | 6.53% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.11 AC |
| Building Size | 3,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1952/2024 |
| Parking Ratio | 0.67/1,000 SF |
| Zoning | R2 - Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,801 CAD | - |
| 3+2 | 1 | $3,490 CAD | - |
| 2+2 | 1 | $3,172 CAD | - |
| 2+1 | 1 | $2,113 CAD | - |
1 1
Walk Score®
Very Walkable (78)
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478 Fabyan Pl
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