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40 Washington Ave
Nutley, NJ 07110

$1,150,000 USD

Apartments For Sale  •  5,063 SF

Property Details

• Property Type Apartments
• Total Building Size 5,063 SF
• Lot Size 0.11 AC
• Building Class C
• Year Built 1900
• Cap Rate 5.31 %
• Zoning N/Av, Nutley

0 Transit Score

78 Walk Score

Highlights

Excellent Investment Opportunity For A 1031 Exchange Buyer

Upside Potential: Below Market Rents Can Be Increased To Achieve A Better Return On Investment

Current Rents Are Significantly Below Market

Strong Population Density

Strong Household Income Area

Property Flyers

Nutley, 40 Washington Ave

Cap Rate:

5.31 %

Amenities

• 24 Hour Access
• Air Conditioning
• Tenant Controlled HVAC
• Heating
• Smoke Free
• Refrigerator
• Oven
• Tub/Shower
• Walk-Up
• Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Lyndhurst (Main/Port Jervis Line - NJ Transit Commuter Rail (NJ Transit))	6 min	-	2.2 mi
Kingsland (Main/Port Jervis Line - NJ Transit Commuter Rail (NJ Transit))	5 min	-	2.3 mi
Airport	Drive	Walk	Distance
Newark Liberty International	17 min	-	11.6 mi
Laguardia	39 min	-	20.8 mi
John F Kennedy International	47 min	-	28.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	5
Type:	Surface
Included in Rent:	Yes