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543-573 W 8th St 12 Unit Apartment Building $2,472,695 CAD ($206,058 CAD/Unit) 9.33% Cap Rate Plainfield, NJ 07060



Investment Highlights
- Hardwood finishes throughout hallway.
- Excess land for 2 additional 3-story buildings, each building has full basement.
- Zoned R-VWB2 (Van Wyck Brooks Historic District) Further zoning information is available under the "documents' tab on the property website.
- Extremely large apartments with brick facade.
- Park like setting.
Executive Summary
REDUCED +motivated SELLER Three structures located on the property. 10-unit apartment building measures approximately ±11,790 SF; plus two additional structures consisting of 1.5-story brick garage and 2-story frame barn. Located within the Van Wyck Brooks Historic District of Plainfield on the corner of West 8th Street and Plainfield Avenue, and in close proximity to Routes 28 and 22. Includes 2 lots POF = CA required. Financials available upon execution of NDA.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 12-00761-0000-00001 | Improvements Assessment | $77,777 CAD |
| Land Assessment | $333,757 CAD | Total Assessment | $411,533 CAD |
Property Taxes
Parcel Number
12-00761-0000-00001
Land Assessment
$333,757 CAD
Improvements Assessment
$77,777 CAD
Total Assessment
$411,533 CAD
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543-573 W 8th St
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