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Big money maker. Recession-proof income. Long-term owner retiring. Earn 20.5% cash-on-cash from a completely turn-key, high occupancy, budget-priced housing facility. Exceptionally well-maintained: 30 sleeping rooms, 7 baths, 6 storage garages, off-street parking. All rooms equipped with refrigerators, microwaves, air conditioners, TV with cable included, WiFi internet, and furnishings. Average rent per-room is $600/month. No rent control, 60% of tenants stay two years or longer. Bank appraised in 2012 at $1.3MM New Roof, windows, fire-rated room doors, updated electric, carpet, lighting, bathroom fixtures, etc.: all completed in 2003. Natural gas conversion for heat and hot water: 2012. This completely unique, 30-unit rooming house is properly licensed and inspected by the State of New Jersey. All inspections are current and free of violations Owner relocating out of state. Make money from your very first day. This is completely turn-key. There is a proven system in place for your continued success. Complete actual financials, floor plans, and bank appraisal are available. Shown by appointment.
Wonderful three unit c.1930 stucco and cedar shake Mediterranean-style home. A nice investment opportunity, or live in one unit and let the other two pay the mortgage Unit A is on the first and second floors with two bedrooms, front and back private patios and two sheds for storage. Unit B and Unit C are one bedroom apartments, both with private entrances. All units have dedicated parking, laundry facilities and plenty of closets. Located on a quiet street within walking distance to Stockton's shops, restaurants and the towpath. Well maintained, with a good rental history!
9.5% CAP RATE!! Nicely updated and fully occupied turn-key 5 Family! Additional 8 Family (MLS # 3129730) also available!
$73,680 ANNUAL GROSS INCOME! Fully rented and nicely updated, turn-key 8 unit apartment bldg on a large .29 acre lot w/ off street pkg + 5 garages! Roof replaced in 2006. Add'l 5 FAM also available! (5 FAM is MLS # 3129760)
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3 - 2 1/2 story modern brick gardens.
$1,080,000Size Upon Req.
Rare opportunity to purchase a 15 unit apartment building with approvals to be provided by Seller. Approved project will include 15 - 2 bedroom apartments 1,250 sf in size with each unit having 1 1/2 bath and on site parking. The sale will be contingent upon the Seller completing the approvals.
Price Upon Req.79,715 SF
High Associates is pleased to offer for sale Liberty Park Apartments, a 64-unit red-brick apartment property located in the Northampton County borough of Wilson. Adjacent to Easton, Pennsylvania, Wilson borough is positioned amidst a resurgence of retail and residential real estate in the area. Liberty Park Apartments is listed at a 7% cap rate and an investor can achieve an 11% cash on cash return at list price. The well-kept exterior of Liberty Park Apartments, with its recently replaced windows and minimal ware, is evidence of the current owner' s care and commitment to maintaining the building over the years. Liberty Park has an onsite management team and on-site laundry facilities. Tenants have washer and dryer hook ups in their basement along with individual storage units. Tenants are responsible for their own utilities (electric, water, and gas heating).
Multi-Family in the heart of Washington NJ Meticulously maintained and upgraded. Beautiful wood flooring, expansive front porch, and ample sized lot. Separately metered units and thriving town.
Here is a rare opportunity to own a multi residential property minutes from Lambertville. The building, located on 2 acres, consists of 2 one bedroom apartments, a spacious 3 bedroom unit with its own washer and dryer, and a commercial space with a full bath that could be converted to a large fourth apartment. Ideal if you are looking for a commercial/office space for your business that also has a $4,000 a month revenue stream from the rental apartments. A very attractive 7.6 Gross Rent Multiplier, with a Cap Rate of 10.68, make this an outstanding investment property.
THIS SPECTACULAR 1796 STONE, STUCCO , AND CLAPBOARD. HOME ON ROLLING PARK-LIKE PROPERTY IS A PRIVATE RETREAT WITH FISHING POND, POOL, AND SPA. IT WAS METICULOUSLY RESTORED AND COMPLETELY REINVENTED IN 2010. THE MORE THAN 5000 SQUARE FOOT HOME MIXES CLASSIC STYLE WITH MODERN DESIGN. IT HONORS THE HOME'S HISTORY WITH SUPERB CRAFTSMANSHIP AND CUTTING EDGE CONVENIENCE. SITUATED IN THE ROLLING HUNTERDON COUNTY HILLS OF ALEXANDRIA TOWNSHIP, THIS HOME BOASTS 200 YEAR OLD WIDE PLANK PINE FLOORS WITH HAND-CUT NAILS THROUGHOUT; ORIGINAL WOODEN WINDER STEPS, BEAMS AND FIREPLACES, THIS BEAUTIFULLY CRAFTED 5 BEDROOM HOME HAS STONE CHIMNEYS, COMPOSITE SLATE AND COPPER ROOFS, HAND-MADE COPPER LIGHTING FIXTURES AND ANTIQUE FIREPLACE AND MANTLE FROM A CASTLE IN SPAIN.