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1609-1611 Springfield Ave
Maplewood, NJ 07040

Price Upon Request

Apartments For Sale  •  16,000 SF

Property Details

  • Property Type Apartments
  • Total Building Size 16,000 SF
  • Lot Size 0.2 AC
  • Building Class B
  • Year Built 2016
  • Zoning CB1
0 Transit Score
86 Walk Score

Highlights

• 2017 Built Investment Property for Sale at (5.12%) Cap Rate
• (13) Total Rental Units - (6) Residential & (7) Commercial
• Additional Climate Controlled Storage Units for Retail Commercial Spaces
• Clean & Professional Elevator Building
• (12) Surface Parking Spaces + (1) Additional Handicap Space
• Located Across the Street from Maplewood Municipality & Police Station

Financial Summary (Actual)

Net Operating Income: $166,308 USD (2018)
Total Expenses: $73,335 USD

Amenities

  • Air Conditioning
  • Cable Ready
  • Controlled Access
  • Dishwasher
  • Storage Space
  • On-Site Retail
  • Kitchen
  • Refrigerator
  • Sprinkler System
  • Tub/Shower
  • Elevator
  • Public Transportation

Public Transportation

Commuter RailDriveWalkDistance
Maplewood (Morris & Essex Gladstone Branch - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit)) 6 min - 1.6 mi
South Orange (Morris & Essex Gladstone Branch - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit)) 7 min - 2.3 mi
AirportDriveWalkDistance
Newark Liberty International 12 min - 7.4 mi
LaGuardia 48 min - 26.6 mi
John F Kennedy International 59 min - 34.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Surface
Included in Rent: Yes