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CONFIDENTIALITY DISCLAIMER NOTICE
***The information contained in this offering memorandum is confidential and for the strict use and review of the person receiving it directly from Century 21 Semiao & Associates. Such information does not substitute an appraisal or a thorough due diligence. Century 21 Semiao & Associates believes the information provided is from reliable sources, but does not make any guarantees. All potential buyers must take appropriate measures to verify all the information set forth herein***
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©2016 Century 21 Real Estate LLC. All rights reserved. CENTURY 21® and the CENTURY 21 Logo are registered trademarks owned by Century 21 Real Estate LLC. Each office is independently owned and operated
NORTH JERSEY RESIDENTIAL PORTFOLIO
Century 21 Semiao & Associates retains the exclusive right to sale this class A portfolio of 15 residential properties across Northern New Jersey.
The properties are scattered around Hudson, Bergen and Passaic county. All units are 100% occupied offering over $370,000 in yearly income.
The current market value of the portfolio is almost $4.5M, but it is being offered at a packaged as-is sale price of $3,950,000. *Price can be adjusted if buyer uses seller financing*
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©2016 Century 21 Real Estate LLC. All rights reserved. CENTURY 21® and the CENTURY 21 Logo are registered trademarks owned by Century 21 Real Estate LLC. Each office is independently owned and operated
For More Information, Please Contact: Wendy Ortega Director of Marketing and Urban Development / Sales Associate Office: 973.344.2100 Mobile: 862.239.2924 E-mail: [email protected]
Total Units 15
Price $3,950,000
Yearly Income $374,310
Expenses $186,558
Occupancy 100%
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©2016 Century 21 Real Estate LLC. All rights reserved. CENTURY 21® and the CENTURY 21 Logo are registered trademarks owned by Century 21 Real Estate LLC. Each office is independently owned and operated
SUMMARY OF PORTFOLIO VALUATION
Property Address Property
Type # of
beds # of
baths Square
Feet Year built
Current Market Value
Current Rental
income Current Taxes
HOA Fees
1 Michael Ln, Wallington town-house 2 2.5 1,500 2007 $321,000.00 $2,100.00 $6,940.62 $315.00
3 Michael Ln, Wallington town-house 2 2.5 1,488 2007 $321,000.00 $1,750.00 $7,051.39 $315.00
5 Michael Ln, Wallington town-house 2 2.5 1,488 2007 $321,000.00 $2,235.00 $7,051.39 $315.00
11 Michael Ln, Wallington town-house 2 2 1,500 2007 $321,000.00 $2,200.00 $6,940.62 $315.00
15 Michael Ln, Wallington town-house 2 2.5 1,500 2007 $321,000.00 $2,074.00 $6,940.62 $315.00
21 Michael Ln, Wallington town-house 2 2.5 1,488 2007 $321,000.00 $2,074.00 $7,051.39 $315.00
30 - 01 Federal Hill, Pompton Lakes town-house 2 2.5 n/a 2006 $248,000.00 $2,060.00 $8,294.87 $275.00
30 - 11 Federal Hill, Pompotn Lakes town-house 2 2.5 n/a 2006 $248,000.00 $2,000.00 $8,865.74 $275.00
318 54th St, unit 1K West New York condo 1 1 581 2,007 $145,250.00 $1,257.00 $4,076.74 $248.34
318 54th St,Unit 2B West New York condo 2 1 776 2,007 $194,000.00 $700.00 $4,496.40 $248.34
318 54th St, unit 2H West New York condo 1 1 637 2,007 $159,250.00 $1,300.00 $749.40 $248.34
512 Rd 3rd Ave, Lyndhurst 2-family 2 1.5 1,996 1,927 $450,000.00 $3,261.00 $9,358.63 $0.00
2505 Palisade Ave, Union City 2-family 5 3 2,925 1,898 $550,000.00 $2,731.00 $7,594.40 $0.00
54 Polifly Rd unit 505, Hackensack condo 2 2 1,367 2007 $280,000.00 $2,250.00 $8,564.82 $425.00
54 Polifly Rd unit 506, Hackensack condo 2 2 1,367 2007 $280,000.00 $2,100.00 $8,564.82 $425.00
Totals: $4,480,500.00 $374,310.00 $102,542.00 $48,420.24
**Current market values were closely analyzed by our local Sales Associates. Such prices are for the sale Of each property individually in the open market**
Subject Property
Comparables
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©2016 Century 21 Real Estate LLC. All rights reserved. CENTURY 21® and the CENTURY 21 Logo are registered trademarks owned by Century 21 Real Estate LLC. Each office is independently owned and operated
Rent/Month: Unit 505: $2,280/mo Unit 506: $2,100/mo Estimated market value (per unit): $280,000
Address
Sale Price
Days on Market
Sale Date
Unit 108 279,900 31 12/6/17
Unit 209 280,000 89 9/15/17
54 POLIFLY RD, HACKENSACK, NJ
30 FEDERAL HILL RD, POMPTON LAKES, NJ
Subject Property
Comparables
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©2016 Century 21 Real Estate LLC. All rights reserved. CENTURY 21® and the CENTURY 21 Logo are registered trademarks owned by Century 21 Real Estate LLC. Each office is independently owned and operated
Address Sale Price Days on Market
Sale Date
Unit 30-18 $248,000 41 7/5/17
Unit 30-10 $245,000 22 5/19/17
Rent/Month: Unit 01: $2,060/mo Unit 11: $2,100/mo Estimated market value (per unit): $248,000
MICHAEL LANE, WALLINGTON, NJ
Subject units Comparables
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©2016 Century 21 Real Estate LLC. All rights reserved. CENTURY 21® and the CENTURY 21 Logo are registered trademarks owned by Century 21 Real Estate LLC. Each office is independently owned and operated
Address Sale Price
Days on Market
Sale Date
36 Michael Ln
$321,000 15 5/31/17
29 Michael Ln
$300,000 61 Active
Rent/Month: Unit 1: $2,100/mo Unit 3: $1,750/mo
Unit 5: $2,170/mo Estimated market value (per unit): $321,000 Unit 11: $2,200/mo Unit 15: $2,074/mo Unit 20: $2074/mo
Total: $12,368/mo
318 54TH STREET, WEST NEW YORK, NJ
Subject Property Comparables
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©2016 Century 21 Real Estate LLC. All rights reserved. CENTURY 21® and the CENTURY 21 Logo are registered trademarks owned by Century 21 Real Estate LLC. Each office is independently owned and operated
Address
Sale Price
Days on Market
Sale Date
Unit 1D 797 SF
189,900 14 Active
Unit 3I 637 SF
$159,900 7 10/30/17
Rent/Month: List Price Unit 1K: $1,220/mo $145,250 Unit 2B: $750/mo $194,000 Price/SF: $250 Unit 2H: $1,300/mo $159,250 **Unit price based on square footage of each**
512 3RD AVE, LYNDHURST, NJ
Subject Property Comparables
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©2016 Century 21 Real Estate LLC. All rights reserved. CENTURY 21® and the CENTURY 21 Logo are registered trademarks owned by Century 21 Real Estate LLC. Each office is independently owned and operated
Address
Sale Price
Days on Market
Sale Date
240 Post Ave
$450,100 30 8/31/17
549 Fern Ave
410,000 10 9/27/17
Rent/Month: $3,230 Estimated market value: $450,000
2505 PALISADE AVE, UNION CITY NJ
Subject Property Comparables
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©2016 Century 21 Real Estate LLC. All rights reserved. CENTURY 21® and the CENTURY 21 Logo are registered trademarks owned by Century 21 Real Estate LLC. Each office is independently owned and operated
Address
Sale Price
Days on Market
Sale Date
311 Monastery Pl
$550,000 10 6/12/17
412 25th St 575,000 21 7/20/17
Rent/Month: $2,699 Estimated market value: $550,000
LYNDHURST OFFICE 761 Ridge Road
Lyndhurst, NJ 07071 Office: (201) 460-8000
Fax: (201) 460-7912
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© 2016 Century 21 Real Estate LLC. All Rights Reserved. CENTURY 21® and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office is Independently Owned and Operated.
KEARNY OFFICE 213 Kearny Avenue
Kearny, NJ 07032 Office: (201) 991-1300
Fax: (201) 955-4257
NEWARK OFFICE 217 Ferry Street
Newark, NJ 07105 Office: (973) 344-2100
Fax: (973) 344-1850
RUTHERFORD OFFICE 310 Union Avenue
Rutherford, NJ 07070 Office: (201) 939-2224
Fax: (201) 939-1373
HASBROUCK HEIGHTS OFFICE
257 Boulevard Hasbrouck Heights, NJ
07604 Office: (201) 288-5533
Fax: (201)288-5787