Belvidere Multi Portfolio - 7 Units Multi-Family FOR SALE


Belvidere, NJ
$1,150,000 USD
646-408-8024
, Belvidere, NJ for Sale
$1,150,000 USD
Multi-Family - FOR SALE
1/53
null | 7.73% Cap Rate

Belvidere Multi Portfolio - 7 Units
Belvidere, NJ


HIGHLIGHTS

  • Two Turnkey Easy to Manage Properties
  • Recently Remodeled-Recent Roofs
  • Strong Cash Flow
  • Tenants Pay Most Utilties
  • Room to Raise Rents

OVERVIEW

Portfolio Sale of 2 Multi Family Apartment Buildings in Belvidere. Combined cap rate of 7.73 at asking. The properties are just a 5 minute walk away from each other. 302 Front St: 3 Units Turn key 3 Unit Multi Family in the town center. Two 2 BR Apartments and One 1 BR Apartment, all have 1 BA. Recently remodeled inside and out including new roof. Tenants pay for all utilities except water/sewer and garbage. Great in town corner location, in town, very walkable for tenants 332-334 Water St: 4 Units Brick Exterior/Siding in the Back 4 Unit Multi Family Income Property in the heart of Belvidere NJ. Two 2 BR Apartments and Two 1 BR Apartments, all have 1 BA. Remodeled in the last 8 years. Parking for 4 cars. Recent roof replacement. Tenants pay for all utilities except water/sewer and garbage. Room to raise rents. There is no rent control in Belvidere. Strong cash flow combined with easy to manage buildings will make a great addition to any portfolio. Also listed separately at $640,000 for the 4 Unit (332-334 Water) and $510,000 for the 3 Unit (302 Front St). Please contact Marc for income and expenses.

ASK ABOUT THIS PROPERTY

Marc WeitzFairclough RealtorsMore Info
646-408-8024

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Marc WeitzFairclough RealtorsMore Info
646-408-8024

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.