22 E Quackenbush Ave, Dumont, NJ 07628
22 E Quackenbush Ave, Dumont, NJ 07628
$1,900,000
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Basic Details
- Date added: Added 4 months ago
- Type: Commercial
- Category: For Sale
- Status: Closed
Description
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Description:
13 Unit Apartment Building $1,900,000 ($146,154/Unit) 7.09% Cap Rate Dumont, NJ 07628
Excellent investment opportunity to acquire a centrally located mixed-use property offering immediate income and strong future upside. This well-maintained and recently renovated building features 9 residential apartments and 4 commercial units. Just steps from public transit, shops, restaurants, and everything downtown Dumont has to offer. Offered at an attractive 7% cap rate, this property delivers steady cash flow from day one. The building just received a 5 year green card.
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Property Details
- Area: 7,000 sq ft
- Year built: 1940/2025
- Sale Type: Investment
- Cap Rate: 7.09%
- No. Units: 13
- Apartment Style: Low-Rise
- Lot Size: 0.22 AC
- Average Occupancy: 100%
- Building Size: 7,000 SF
- Building Class: C
- Property Subtype: Apartment
- Parking Ratio: 2/1,000 SF
- Zoning: RA
Highlights
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- 9 residential apartments + 4 commercial units
- Strong in-place income at a 7% cap rate
- High-demand rental area with steady occupancy
- On site parking
Property Taxes
- Parcel Number: 10-01217-0000-00014
- Land Assessment: $313,200
- Improvements Assessment: $1,033,300
- Total Assessment: $1,346,500
Agent
Alex Mouzakitis
Alexander Anderson Real Estate Group
Asaf Gahali
Alexander Anderson Real Estate Group
Location
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