301-307 3Rd Ave, Highland Park, NJ 08904

8 Unit Apartment Building | $1,750,000 ($218,750/Unit) | 6.60% Cap Rate | Highland Park, NJ 08904

Asking Price $1,750,000

Property Type
Multifamily
Square Feet
6,434 SF

Listing Contacts

Joe D'Agostino
  • Property Info

Property Overview

Lance Bram Commercial Brokerage is pleased to offer, to qualified investors, the opportunity to acquire 301-303 N. 3rd Ave., and 305-307 N. 3rd Ave., in highly sought after Highland Park, NJ.
The property consists of Two (2) buildings that are mirror images of one another, with each building containing Four (4) units.
Fantastic location within 2 miles of both Robert Wood Johnson and St. Peter's hospital, Johnson & Johnson's world headquarters and three campuses of Rutgers University.
There is value-add component through bringing all of the units up to market rents, particularly the 4 two-bedroom units.
Immense barrier to entry for multifamily units in Highland Park.
Turn-key, meticulously maintained assets.

Property Details

Class
C
Year Built
1919
Stories
2
Lot Size (sq. ft)
3,920 SF
Units
8

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