13-15 Myrtle Avenue, Irvington, New Jersey 07111

New Jersey, Irvington, New Jersey 07111

$675,000  

Listing ID Number

19533

Property Description

this is a well maintained 13 unit apartment building in the heart of Irvington.

Overview

Building Type:Apartment Buildings, Live Plus Income Buildings
Location:Myrtle Avenue near the intersection of Springfield and Clinton Avenues
Block/Lot:84/51
Stories:3
Units:13

Expenses

Total Annual Expenses:$38,197

Investment Information

Gross Annual Income:$103,320
Less Total Expenses:$38,197
Net Operating Income:$65,122

Summary

Price Per Sq Ft:$45
Capitalization Rate:9.64%
Gross Rent Multiple:6.50

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Geoffrey Bailey
First Vice President of Sales
(201) 426-2200 x 2211
gbailey@masseyknakal.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.