THE INVESTMENT: 56-58 Main Street in South River, NJ is well-located mixed-use asset comprising 17 total units, including five ground-floor retail spaces and 12 residential apartments above. The property is centrally positioned in the heart of South River’s downtown business district.
OVERSIZED APARTMENTS: The residential component features generously sized layouts, including four 2-bedroom apartments, four 3-bedroom apartments, and four 4-bedroom apartments.
VALUE-ADD OPPORTUNITY: 56-58 Main Street presents an investor a cash flowing asset – with an attractive in-place cap rate – located in a municipality with no adopted rent control ordinance – providing 26% upside.