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Earn 18.48% cash-on-cash. Budget priced housing is always in demand, and recession-proof. Smooth running operation, totally turnkey. 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, bed, dresser, table & chair. All improvements less than 10 years old: Roof, windows, updated electric, room doors, bathroom fixtures. 2012 converted to natural gas furnace and hot water heater. Very well-maintained. 60% long-term residents, no rent control. All licenses current with no violations. Bank appraised in 2012 at $1.3MM
UNBELIEVABLE: Investment opportunity to own landmark building in Somerville at corner of Division Street. 7 units, 5 apartments, 2 street level retail stores. Well maintained, separate utilties, 6% cap.
6 unit residential investment in the heart of Flemington NJ. A 4-unit (#20-26 Grant Ave.) and 2 stand alone homes on Brown St (#34 and 36 Brown Street). All on the same parcel. Rents under market rates and upside will improve cap rate to investor. Always full and rental market is extremely tight in the Flemington area. Currently a 7% return cash on cash. Building s are up to code. There is the potential to convert the 4-unit in to condos and also sell off the individual homes creating a great return on your investment. Gross Rent $99,600 Net Income $65,000
Handsome and very large Victorian Duplex with original wood trim. Live in one side and rent out the other. Both units have off street parking. Newer roof and furnaces. Owner is painting exterior before closing. Both units currently rented with a PGI of $30,480. Taxes $7,006 Owner pays water/Sewer $1,100 (est.). Four family is also for sale next door for a total of 6 units.
3 - 2 1/2 story modern brick gardens.
Mixed-use, multi-unit building is well maintained and convenient! Floorplan offers a mix of office and retail on the first floor with one residential unit and approximately 6,000 square feet of unfinished space on the upper level. At present office space is partially owner-occupied (potential leaseback) with three additional tenants; hair salon, retail store and counseling office. Excellent building for end-user with rental income or potential investment with value add opportunity to increase rents and finish/lease balance of building.
Mixed-use investment property. Seven apartments above two commercial street level units.
-Large 1BR/1 bath ground floor space, + loft room -Large 1BR/1 bath 2nd floor unit -2 floor, 2BR top level unit, 1 bath -Small office, ground floor, that can be joined to the 1BR apartment -Common, dry basement storage available Recent renovations, nice tree-wrapped yard, garden area Gross Rent: $54,800, with escalations Expenses: $16,850, including a $1500 allocation for miscellaneous Cash flow: $37,950/without debt Asking $485,000 A financial overview is as follows Assuming 25% down ($121,250), financing at 4.75, 25 year term Debt: $25,166.09 based on $363,750 mortgage Cash flow: $12,783.91 Return: 10.54% on cash invested, after all expenses CAP RATE on all cash basis is 7.82%
Includes (3) lots (2.93 ac.) in the heart of the village of Port Murray: (a) 3-unit multi-family; (b) land leased to USPO plus historic train station and old mill; (c) lot used as village park. The multi-family structure was built approx. 1845 and was originally a hotel serving rail passengers. It is currently operated as an income-producing multi-family property that is fully occupied having 3 units: a 3-bedroom, a 2-bedroom and a 1-bedroom. Remaining lots are opposite the multi-family on the other side of Main Street and include: a paved lot currently leased by the US Post Office and a park-like lot currently used as the town-center Village Green. There are also two additional structures: the original train station with approx. 180' of rail frontage associated with the park and an old mill building. All rents are below market rates.
This property consists of 7 1 bedroom units with bedroom/kitchen and living room, 5 individual rooms with a shared bathroom. In addition there is one retail space which is leased to a barber shop. All leases are month to month.