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49 Watchung Ave
Belleville, NJ 07109
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Centrally located in Belleville with convenient access to major highways and local amenities.
- Offers suburban charm while remaining close to regional business and cultural hubs.
- Surrounded by retail, dining, and recreational options for a vibrant community setting.
- Strong neighborhood presence with accessible transportation and nearby services.
EXECUTIVE SUMMARY
This newly commercial building presents a rare investment opportunity in the Belleville's sought-after market. With its combination of modern finishes, strong occupancy, thoughtful amenities, and a prime location. It is ideally suited for investors seeking a hassle-free, income-producing asset with significant long-term potential. Built in 2020, this impressive property features 6 rental units, three 2-bedrooms/2-bath apartments and three 1-bedroom/1-bath apartments. Each unit has been thoughtfully designed with high-quality stainless-steel appliances, modern cabinetry, and beautiful hardwood flooring throughout, creating a stylish and inviting living space that tenants appreciate. Including 14 parking spaces, assigned storage units, lawn sprinkler system, and security system. With in-unit laundry facilities and an easy access move-in ramp. Outdoor living is a highlight with a shared patio area featuring a cozy fire pit. It is just a short walk to shopping center, retails, dining, and the Grove Street Train Station, providing easy public transit access for commuters. Additionally, a nearby park adds recreational value, enhancing the overall lifestyle appeal for tenants. Don't miss the chance to add this exceptional property to your portfolio.
PROPERTY FACTS
| Price Per Unit | $482,643 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.17% | Building Size | 5,044 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2021 |
| Apartment Style | Low-Rise | Parking Ratio | 1.5/1,000 SF |
| Zoning | R-T - Residential | ||
| Price Per Unit | $482,643 CAD |
| Sale Type | Investment |
| Cap Rate | 5.17% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 5,044 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2021 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | R-T - Residential |
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