For Sale
$4,000,000

112 Cacciola Pl Westfield, NJ 07090

Six Luxury Townhomes, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents six Class A townhomes in desirable Westfield, New Jersey, currently boasting 100% occupancy. Built in 2018, this meticulously maintained multifamily property offers a compelling 4.50% cap rate with a Net Operating Income (NOI) of $180,016. Each of the six units features two bedrooms, two full bathrooms, and a half bath, providing comfortable and spacious living. High-end finishes include hardwood floors and stainless steel appliances. Additional amenities within each unit encompass a mudroom, laundry room, and a one-car attached garage. The exterior showcases a blend of stone and Hardiplank siding, enhancing both curb appeal and durability. Individual unit metering for central air and heat ensures efficient utility management. The prime location allows tenants easy access to Westfield's vibrant downtown area and the train station, within walking distance. This turnkey investment offers a rare combination of luxury, location, and strong financial performance, making it an ideal addition to any portfolio. The asking price is $4,000,000, with a price per unit of $666,666.67. Located at 112 Cacciola Place, Westfield, NJ 07090, this property is a must-see for discerning investors.

Highlights

  • $4,000,000 asking price for a Class A multifamily property.
  • Six (6) townhouses in Westfield, NJ.
  • 4.50% cap rate with a $180,016 NOI.
  • 2018 construction with six (6) units, each priced at $666,667.
  • Each unit features 2 bedrooms, 2 full baths, 1 half bath, hardwood floors, stainless steel appliances, and a 1-car attached garage.

Property Details for 112 Cacciola Pl

Property type
Commercial real estate
Class
A
Year Built
2018
Units
6

Location Insight

City
Westfield
County
Union
State
New Jersey
Latitude
40.64817487
Longitude
-74.33995438

FAQs

What type of property is this?
Commercial real estate - Six Luxury Townhomes, High ROI
Where is the commercial real estate located?
The property is located at 112 Cacciola Pl Westfield, NJ.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: $4,000,000 asking price for a Class A multifamily property.; Six (6) townhouses in Westfield, NJ.; 4.50% cap rate with a $180,016 NOI.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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112 Cacciola Pl
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