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.