MLS#NJGL2072446
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLGATEWAY REGIONAL SCHOOLS
Property 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 Features
Property Type: Commercial -
Basement: Yes
Cooling: None
Fuel Type: Natural Gas
Heating: 90% Forced Air
Lot Size: 0.19 Acres
Taxes: $20,876
Year Built: 1950
Feature Descriptions
Days on Site: 5
Exterior: Brick
Lot Dimensions: 0.19 Acre(S)
Municipality: WESTVILLE BORO
Sewer: Public Sewer
Total Garage/Parking Spaces: 10
Units: 8
Water: Public
Local Schools
School District: GATEWAY REGIONAL SCHOOLS
Listed By / Shown By
Listed By
Agency Name: RE/MAX ONE Realty
Agency Phone: 8567228090
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0400
| MLS# NJGL2072446
This commercial property located at , Westville, NJ 08093 is currently listed for sale with an asking price of $995,000. is located within the GATEWAY REGIONAL SCHOOLS school district. Search Westville real estate on www.realtymark.net today.