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Discover a rare investment opportunity. This magnificent, oversized multi-family property boasts newer construction (2018) and is fully rented with a remarkable NOI of $83,429 with a proforma of 5.93% Cap Rate by 2027. Lot size is 25 x 178, total building floor area 8,286 square feet. The larger than usual property boasts four large modern and spacious units ranging from 1,076 sq ft - 1,235 sq ft. Each unit features 2 bedrooms, 2 full bathrooms, a washer and dryer, beautiful hardwood floors, central air and heat, stainless steel appliances, and granite countertops. The property also includes six indoor garage car parking spaces, one private backyard, and is fully sprinklered with a central reporting fire alarm and security systems, providing a safe and convenient living experience. Each unit has separate utilities, and tenants pay all utility bills, including water, gas, electricity, and sewer, which offers a fantastic opportunity for investors to maximize profits
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Office phone: (917) 836-1462 The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Prominent Properties Sotheby's International Realty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. 2022 New Jersey Multiple Listing Service, Inc. All rights reserved. Updated: 2nd June, 2023 12:16 PM (UTC)
Listing Agent: Garima Verma | Agent phone: (917) 836-1462
Listing Office: Luxian International Realty | Office phone: (917) 836-1462