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Clifford Accime Of Wealth Holdings Represents Seller In $1.7M Mixed-Use Sale In Plainfield

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SOLD
$1,700,000

New Jersey

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Mixed-use7,282 SF
Sold 11/01/2024
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Property Image
SOLD

Clifford Accime Of Wealth Holdings Represents Seller In $1.7M Mixed-Use Sale In Plainfield

1301 South 2nd Street

See Similar Deals
Mixed-use7,282 SF
Sold 11/01/2024
Contact now

Summary

NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$233
Total Square Footage:7,282 SF
Transaction Type:Sale

A mixed-use apartment building located at 1301 South 2nd Street in Plainfield was sold. The transaction involved 8 units which feature 3 bedrooms and 1 bathroom each, along with 8 parking spaces. The sale price was $1,700,000, translating to a price per unit of $212,500. The total square footage of the building is 7,282, resulting in a price per square foot of $233.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,700,000
  • Units: 8
  • Price per Unit: $212,500
  • Total Square Footage: 7,282
  • Price per Square Foot: $233
  • Seller's Representative: Clifford Accime - Wealth Holdings
  • Lender: Rudy Renelique - Overture Capital

The transaction was facilitated by Clifford Accime, who represents the seller, Wealth Holdings, a company noted for leveraging over 10 years of experience in the Tri-State area focusing on off-market real estate acquisitions. Rudy Renelique acted as the lender through Overture Capital.

Players

Clifford Accime
1 deal$1.7M volume(845) 821-0083
BROKER

Rudy Renelique
1 deal$1.7M volume
BROKER

Details

SOLD
IMAGE: Rudy Renelique & Clifford Accime DATE: 11/15/2024 ADDRESS: 1301 South 2nd Street MARKET: Plainfield ASSET TYPE: Mixed-use SELLER'S REP: Clifford Accime (@Cliff_Accime) - Wealth Holdings (@WealthHoldings) LENDER: Rudy Renelique - Overture Capital SALE PRICE: $1,700,000 UNITS: 8 ~ PPU: $212,500 SF: 7,282 ~ PPSF: $233 NOTE FROM BROKER: A 8-unit mixed-use apartment building at 1301 South 2nd Street in Plainfield was sold for $1.7 million, equating to $212,500 per unit. Each unit includes 3 bedrooms and 1 bathroom, and offers 8 parking spaces. Making it an attractive investment opportunity for both seasoned investors and newcomers. — Wealth Holdings leverages over 10 years of experience in the Tri-State area. We specialize in off-market real estate acquisitions. Providing investors with exclusive access to high-potential properties that aren’t listed on the open market. For sellers with value-add opportunities, we also have an urgent request to allocate 1031 funds. Please contact us if you are considering selling or would like an asset analysis for your next sale.

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