Description
Investor alert!!! Excellent investment opportunity now available in the heart of Millville! Owner is retiring. This fully occupied multi family home of 3 units (out of 44) consists of: 1/1, 1/1, and 3/1.5 bed and bath. Current rent: unit A - $1050 unit B - $730 unit C - $700 ($29,784 annually). This is part of a 44-unit package grossing 400k+ with tremendous potential upside (15% cap rate). The property presents excellent cash flow with room to increase rents. This property is to only be sold as part of the entire package. If sold individually, price is subject to change. Full asking price is $1,980,000.
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5BEDS
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N/AACRES
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3BATHS
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11/2 BATHS
School Ratings & Info
Description
Investor alert!!! Excellent investment opportunity now available in the heart of Millville! Owner is retiring. This fully occupied multi family home of 3 units (out of 44) consists of: 1/1, 1/1, and 3/1.5 bed and bath. Current rent: unit A - $1050 unit B - $730 unit C - $700 ($29,784 annually). This is part of a 44-unit package grossing 400k+ with tremendous potential upside (15% cap rate). The property presents excellent cash flow with room to increase rents. This property is to only be sold as part of the entire package. If sold individually, price is subject to change. Full asking price is $1,980,000.
© 2019 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Data last updated 2019-12-09T18:19:11.877.
Listing information © 2019 Monmouth-Ocean MLS. Listing provided courtesy of David Galimidi of Imperial Real Estate Agency.