Address Not Available from Listing Broker, Westville, NJ 08093

USD 995,000

For Sale MLS: NJGL2072446

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Property Details

Description

Turn-Key 8-Unit Investment Opportunity in Westville. Exceptional opportunity to acquire a well-maintained, turn-key 8-unit multifamily property in a prime location in Westville. This attractive asset offers strong in-place cash flow with a current gross annual income of $132,394 and an impressive 8% cap rate, making it an ideal addition to any investor's portfolio. The property has been well cared for and presents beautifully, offering tenants a desirable living environment in a convenient location close to major highways, shopping, dining, and public transportation. With stable occupancy and solid existing income, this is a true plug-and-play investment. In addition to the strong current returns, the property offers significant value-add potential through future rent increases and operational efficiencies, including the opportunity to implement utility bill-backs such as water reimbursement to further enhance NOI and overall asset value. Whether you are a seasoned investor or looking to expand your multifamily portfolio, this is a rare chance to own a high-performing asset in a strong rental market with upside potential still remaining.

PROPERTY DETAILS: Square Feet: 4800

INTERIOR FEATURES: • Cooling: None, Electric • Heating: Gas Heat, Forced Air • Plumbing: Gas Water Heater

EXTERIOR FEATURES: • Parking: 10 Parking Spaces, Parking Lot. • Exterior: Brick • Zoning: R

LISTING AGENT: Agent: Michael Walton | Office: RE/MAX ONE Realty | Phone: 8563830682 | Email: [email protected]

LISTING INFORMATION: MLS#: NJGL2072446 | Status: FOR SALE

Location

Address

Address Not Available from Listing Broker

City

Westville

Features and Finishes

Interior Features:

• Cooling: None, Electric

• Heating: Gas Heat, Forced Air

• Plumbing: Gas Water Heater

Exterior Features:

• Parking: 10 Parking Spaces, Parking Lot.

• Exterior: Brick

• Zoning: R

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