CASH COW - Northern New Jersey
Well maintained and established with plenty of room for
increasing income.
200 Units
97% occupied
GOI: $260K /yr
NOI: $174K
CAP: 12% (at offer)
located in safe quiet suburban neighborhood where there is no other competition (current or future) due to lay of land.
Plenty of room to raise rents, add additional units and solar panels on roof for additional INCOME! This is our value add plan in year one of operation after which we'll refinance and can cash you out.
My partner is CCIM and I am credit partner for 1st commercial loan on deal, looking for money partners to assist us on down payment. We potentially have $250K of $400K needed already but will consider any sized money partner.
Complete details and Cash flow analysis spreadsheet with "Offering Memorandum" available.
