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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.
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)
Nice 2 unit home in beautiful Historic Nazareth. Each side of the home has 3 bedrooms with the possibility of 5 if heat is installed in the finished attic. One side is currently used for storage and the other is tenant occupied. Upon entering you are greeted by the large sitting area w/ split staircase that leads to the spacious living room to the left and the dining room to the right. Through the DR you have the kitchen with double sink and plenty of cabinet space and a half bath. Upstairs you have 3 very spacious bedrooms and a full bath. The attic has been finished into 2 additional bedrooms, just needs heat. The other unit is the same just without the finished attic, kitchen and 1/2 bath. The home has lovely woodwork, pocket doors, a beautiful new wraparound porch, and a nice sized yard. Live in one side and rent out the other, turn side yard into parking lot, make one side commercial and live in the other side. Possibilities are endless!
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!
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9 UNITS APTS.ULTRA MOSERN BUILDING,MAINTENANCE FREE EXT. CLEAR CERTICATE OF OCCUPANCY, TENANATS PAY ELECTRIC & HEAT.,WATER &SEWER.DECKS ON 2ND & 3RD FLOORS.8 2/BR APTS. LAUNDRY IN BLDG. PARKING FOR 12 CARS. PARKING LOT JUST RESURFACED.GROSS INC.76,000.
$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 8.5% cap rate and an investor can achieve an 17% 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).
8,000SF Three Story building that was formerly a rooming house. High ceilings. Opportunity to convert to apartments on 2nd and 3rd floors and 1st floor use for office/retail/restaurant. Number of units is ESTIMATED. Building is not currently configured for individual apartments.Located on South Main Street in downtown Phillipsburg. Just across the river from Easton, PA. Easily access to Route 22.
The Baj Team is pleased to offer this package of (2) 6 unit multifamily investment properties for a total of 12 rental units. These adjacent properties are centrally located in historic Easton, walking distance to the downtown area and its central square. Easy and convenient access to shopping, restaurants, and highways. Each unit has 2 allocated off-street parking spaces. One building contains (6) one bed/one bath units. The second building contains (3) one bed/one bath units and (3) two bed/one bath units. On-site laundry room can be reactivated for additional income. Most units have been renovated, including new appliances. One building has recently had all 44 of its windows replaced. Central fire alarms are in place. All units are electric (heat/hot water) and have their own hot water heater. Tenants pay electric. Owner pays trash and water.Laundry room with hookups for 2 washers and 2 dryers can provide additional income.