Description
LOCATION, LOCATION!!! LOCATION!!! INVESTOR ALERT. Rare opportunity to buy 20 unit Rutgers University Portfolio consisting of two ten unit buildings a half a block to Rutgers University Campus. You cant get much closer than this. True Pro Forma at its best. Both buildings have immense intrinsic vale and the opportunity to turn these Building into the cash flow king it should be. Rents could and should be much higher than they presently are. Opportunity to do upscale Student housing. Seller recently acquired 119 N 3rd St making it possible to try to combine both driveways in between the 115 N 3rd and 119 N 3rd in order to maximize parking. 119 Has Commercial store front on first floor. 115 N 3rd St Consists of 8 2bedroom units and 2 One bedroom units. 119 N 3rd St consists of 1 Commercial Store front on first floor, 3 Studio apartments and 6 One bedroom units. Schedule your private tour today!!! Current rent roll and expenses will be attached as a document. Both Buildings are being sold as a package for $2,000,000. MLS for 119 N 3rd is NJCD2032426.
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0BEDS
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0.09ACRES
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0BATHS
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01/2 BATHS
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6,200SQFT
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$161$/SQFT
Description
LOCATION, LOCATION!!! LOCATION!!! INVESTOR ALERT. Rare opportunity to buy 20 unit Rutgers University Portfolio consisting of two ten unit buildings a half a block to Rutgers University Campus. You cant get much closer than this. True Pro Forma at its best. Both buildings have immense intrinsic vale and the opportunity to turn these Building into the cash flow king it should be. Rents could and should be much higher than they presently are. Opportunity to do upscale Student housing. Seller recently acquired 119 N 3rd St making it possible to try to combine both driveways in between the 115 N 3rd and 119 N 3rd in order to maximize parking. 119 Has Commercial store front on first floor. 115 N 3rd St Consists of 8 2bedroom units and 2 One bedroom units. 119 N 3rd St consists of 1 Commercial Store front on first floor, 3 Studio apartments and 6 One bedroom units. Schedule your private tour today!!! Current rent roll and expenses will be attached as a document. Both Buildings are being sold as a package for $2,000,000. MLS for 119 N 3rd is NJCD2032426.
©2023 Bright MLS, All Rights Reserved. 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Holloway Real Estate Group | eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-05-31T23:55:52.2.