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Belvidere Multi Portfolio - 7 Units 2 Multifamily Properties Offered at $1,150,000 in Belvidere, NJ
Investment Highlights
- Two Turnkey Easy to Manage Properties
- Strong Cash Flow
- Room to Raise Rents
- Recently Remodeled-Recent Roofs
- Tenants Pay Most Utilties
Executive Summary
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.
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.
Property Facts
| Price | $1,150,000 | Number of Properties | 2 |
| Price / SF | $230.74 / SF | Individually For Sale | 0 |
| Cap Rate | 7.73% | Total Building Size | 4,984 SF |
| Sale Type | Investment | Total Land Area | 0.29 AC |
| Status | Active |
| Price | $1,150,000 |
| Price / SF | $230.74 / SF |
| Cap Rate | 7.73% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 4,984 SF |
| Total Land Area | 0.29 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 332 Water St, Belvidere, NJ 07823 | Multifamily | 2,818 SF | 1868 | - |
| 302 Front St, Belvidere, NJ 07823 | Multifamily | 2,166 SF | 1888 | - |
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Belvidere Multi Portfolio - 7 Units