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224 Glen Rd
Sparta, NJ 07871

$1,185,000 USD

Apartments For Sale  •  7,258 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,258 SF
  • Lot Size 2.05 AC
  • Building Class C
  • Year Built 1890
  • Zoning R-2
20 Walk Score

Highlights

Rarity: The first five-unit multifamily to hit the Sparta submarket in years; fully leased, minimal deferred maintenance.
Income upside: Current rents below market — straightforward lease renewals move the cap rate significantly, without a dollar of renovation needed.
Market-proof demand: Sparta's school district ranking and Lake Mohawk lifestyle keep rental vacancy functionally at near-zero
Unit mix: Five distinct floor plans ranging from 1 - to 2 bedrooms across various sizes; Idyllic setting on a large, set-back parcel
Turnkey: Positive cash flow on day of closing, with ample room to grow

Amenities

  • Microwave
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Walk-Up
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Newark Liberty International 61 min - 42.7 mi
Clay Pannasch 862-354-1822 Fairclough Realtors
Clay Pannasch 862-354-1822 Fairclough Realtors