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Northern NJ Rooming House Portfolio 15 Properties Offered at $15,500,000 in Multiple Locations
Executive Summary
The portfolio is being offered at $15.5M (±$55,000 per room) and is partially stabilized, with roughly half the units intentionally vacated by the seller to streamline renovations and re-leasing. This proactive approach allows a buyer to step in without delays associated with tenant relocation and move quickly to capture upside. At current occupancy, the portfolio generates an annualized NOI of approximately $856,000, but at stabilization, it is projected to deliver ±$2.33 million in NOI—nearly three times today’s cash flow. This simple but powerful value-add—leasing vacant units at ±$900 per month and modestly adjusting legacy rents—creates the potential for one of the highest-yielding investments available in the multifamily sector today.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
-
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
-
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | - |
Property Facts
| Price | $15,500,000 | Number of Properties | 15 |
| Price / SF | $97.81 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 158,465 SF |
| Status | Under Contract | Total Land Area | 2.08 AC |
| Price | $15,500,000 |
| Price / SF | $97.81 / SF |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 15 |
| Individually For Sale | 0 |
| Total Building Size | 158,465 SF |
| Total Land Area | 2.08 AC |
Properties
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Northern NJ Rooming House Portfolio
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