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88 Broughton Ave

Bloomfield Twp., NJ 07003

MLS#: 3850801

$1,800,000

Status: Closed
Listing number: 3850801
Listing provided by: FOURTE INTERNATIONAL
Listing agent phone: None
Last update: 1 year, 4 months ago
On site: 2 years ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1906

Sq.Footage

6,400

Great investment property! THIS LISTING IS FOR 2(TWO) PROPERTIES: 78-80 Broughton Ave AND 88-90 Broughton Ave (tax map lots 57&58). 78-80 Broughton Ave: Features a 3BDR/1BA second floor apartment and one large commercial space on the 1st floor. Both fully rented. Commercial unit is sale-leaseback. Rents: Unit 1-$3,250/mo, Unit 2-$1,750/mo. SQFT: Unit 1-1,500sqft; Unit 2-750sqft. Gross annual income $60,000. Operating Expenses $23,646. NOI $36,35488-90 Broughton Ave: Broughton Ave: Building features six 1 & 2 BDR apartments and 2 commercial spaces on the 1st floor, all fully rented. Property is well maintained and has potential for long term growth. Rents: Unit 1B $1,500/mo.; Unit 2 $1,349.25/mo.; Unit 3 $1,543.50/mo.; Unit 4 $1,207.50/mo.; Unit 5 $1,500/mo.; Unit 6 $1,254.75/mo.; Comm. Unit 88 $630/mo.; Comm. Unit 90 $1,000/mo. SQFT: Unit 1B - 600; Unit 2 - 600; Unit 3 - 900 ; Unit 4 - 600; Unit 5 - 600; Unit 6 - 450; Comm. Unit 88 - 400; Comm. Unit 90 - 849. Gross annual income $119,820. Operating Expenses $37,460. NOI $82,360. Total taxes combined $28,649. Cap rate 6.6%. Combined Gross Annual Income: $179,820. Operating Expenses: $61,106, Net Operating Income: $118,714

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Basement YN

    YES

  • Heating YN

    YES

  • Heating

    Oil, Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Vinyl Siding

  • Parking

    Off Street

  • Pool

    No

Area & Lot

  • Lot Features

    Irregular Lot

  • Lot Size(acres)

    0.15

  • Property Type

    Commercial Sale

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $1,800,000

  • Tax Amount

    $28,649

  • Zoning

    B-2

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Ownership

    Fee Simple

  • Sewer

    Public Sewer

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Location

County

Essex

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Listing Courtesy of None , FOURTE INTERNATIONAL

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Patrick Bolger

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(973) 945-9979

patrickbolger@kw.com


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Great investment property! THIS LISTING IS FOR 2(TWO) PROPERTIES: 78-80 Broughton Ave AND 88-90 Broughton Ave (tax map lots 57&58). 78-80 Broughton Ave: Features a 3BDR/1BA second floor apartment and one large commercial space on the 1st floor. Both fully rented. Commercial unit is sale-leaseback. Rents: Unit 1-$3,250/mo, Unit 2-$1,750/mo. SQFT: Unit 1-1,500sqft; Unit 2-750sqft. Gross annual income $60,000. Operating Expenses $23,646. NOI $36,35488-90 Broughton Ave: Broughton Ave: Building features six 1 & 2 BDR apartments and 2 commercial spaces on the 1st floor, all fully rented. Property is well maintained and has potential for long term growth. Rents: Unit 1B $1,500/mo.; Unit 2 $1,349.25/mo.; Unit 3 $1,543.50/mo.; Unit 4 $1,207.50/mo.; Unit 5 $1,500/mo.; Unit 6 $1,254.75/mo.; Comm. Unit 88 $630/mo.; Comm. Unit 90 $1,000/mo. SQFT: Unit 1B - 600; Unit 2 - 600; Unit 3 - 900 ; Unit 4 - 600; Unit 5 - 600; Unit 6 - 450; Comm. Unit 88 - 400; Comm. Unit 90 - 849. Gross annual income $119,820. Operating Expenses $37,460. NOI $82,360. Total taxes combined $28,649. Cap rate 6.6%. Combined Gross Annual Income: $179,820. Operating Expenses: $61,106, Net Operating Income: $118,714

88 Broughton Ave

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