908-642-1905
, Linden, NJ for Sale
Multi-Family - FOR SALE
1/6
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Luttgen and Elm Portfolio - Linden
Linden, NJ


HIGHLIGHTS

  • 16-unit, multifamily investment portfolio in Linden, New Jersey
  • Value-add opportunity with 12% below market rents
  • Additional income is generated through a Verizon antenna lease and on-site laundry facilities located at Elm Street Apartments
  • Both assets are located within walking distance to the Linden Train Station and downtown area
  • Elm Street Apartments has the ability to convert one-bedroom apartments into two-bedroom apartments
  • Luttgen Place Apartments was constructed in 2010 with large open floor-plans with condo quality finishes, separate utilities, and washer/dryer

OVERVIEW

The Luttgen and Elm Portfolio offers investors a compelling value-add opportunity, featuring two assets with below-market rents in a highly desirable location within Union County. The portfolio includes a condominium-quality building constructed in 2010 with separate utilities, as well as a garden-style property built in 1960 that has undergone significant capital improvements over the past 15 years—including a new roof, windows, boiler, hot water heaters, and all-new electric and water lines. The Luttgen and Elm portfolio stands as a proven value-add investment opportunity, with the potential to increase NOI by 17%.

ASK ABOUT THIS PROPERTY

Nick BalanciaBerkadiaMore Info
908-642-1905

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Nick BalanciaBerkadiaMore Info
908-642-1905

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