Investment Opportunity - Fully Occupied 5-Unit Rental PropertyThis well-maintained 5-unit rental property is an excellent investment opportunity. It offers a diverse mix of unit sizes to attract a range of tenants. The property is generating solid rental income, and the current tenants pay for their own utilities, with the exception of the owner covering hot water costs.Property Details:Apartment 1: Studio - Monthly rent $1,150.00Apartment 2: 1BR - Monthly rent $1,285.00Apartment 3: 1BR - Monthly rent $1,000.00Apartment 4: 1BR - Monthly rent $1,300.00Apartment 5: 2BR - Monthly rent $1,500.00Financials:Gross Rental Income: $74,820.00 per yearNet Income: Approximately $52,624.00 per yearAdditional Information:The roof on both buildings is 7 years old, reducing future maintenance costs.This property presents a solid income stream for investors. Don't miss out on this opportunity to add a well-performing rental property to your portfolio. Contact us for more details and to schedule a viewing.Property is being sold in AS IS condition.
NJCB2015344
Business Opportunities, Other
CUMBERLAND
1900
0.12
Acres
Public
Public Sewer
2,936
Sq. Ft.
1 Total
Interior Features
- Appliances
- Electric Water Heater
- Heating
- Gas Heat, Electric Heating. Radiant, Baseboard.
Exterior / Lot Features
- Parking
- 2 Parking Spaces. On Street.
- Lot Dimensions
- 35.00 x 151.00
Financial Considerations
01-00270-00030
$5,506
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