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Updated almost 7 years ago, 02/25/2018

User Stats

90
Posts
31
Votes
Hugo Alves
  • Field Service Manager
  • Scotch Plains, NJ
31
Votes |
90
Posts

Cash Flow Properties in Elizabeth, NJ - 12.5% Cap Rate

Hugo Alves
  • Field Service Manager
  • Scotch Plains, NJ
Posted

Seeking a Buyer for 3 Properties containing 33 individual boarding rooms.

All but 8 rooms are occupied but, the management company is working on having those 8 filled as soon as possible.

All 3 properties are located next to each other, all renovated in the past 5 years.

Properties are producing over $200,000 Net Yearly- Roughly 12.5% Cap Rate

Properties are include 20 parking spaces which are currently rented.

Asking Price: 1.6Mil

Financials and Pictures Available Upon Request.

Offering

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