Updated about 9 years ago on .
4 Turnkey Multifamily Buildings in Glassboro, NJ 11% Cap. Rate
**Investor & Developer Alert** This is the ideal turnkey investment package for the novice or expert Real Estate Investor. There are 4 Multi-Family buildings on this 2.3 acre plot of land as well as Permits and zoning to build two additional buildings on the remaining 3/4 acres of land!! All existing 9 Units are fully occupied, 3 of these tenants are government aide. There are 2 leases that expire within 3 months. However we have new tenants approved and ready for move in if wanted by the buyer. This property offers long term tenants, large updated units, fenced in yards or decks, washer/dryer in each unit, included property manager for 6 months. The undeveloped land is cleared and ready for constructing up to 2 additional buildings making monthly income skyrocket.
Great location; close to SR 55, Route 322 and less than 2 miles from Rowan University.
This property is in the ideal location for anyone looking for residence in Glassboro, NJ. It is located on a quiet block next door from a church. Located on Earl Avenue off of NJ 47 about a mile from Route 322. The properties are located less than 2 miles from Rowan University making this an ideal Off Campus Student Rental Opportunity. There are countless development projects within a 10 mile radius. Now is the time to get into this emerging market before the window closes.
The Pictures included are taken of 2 units from 2 buildings. All 4 properties contain 1 of 2 apartment layouts the floor plans are exact the only variable is which floor the apartment is on.
Property Viewings can be set up at any time, the seller is not in a rush to sell but they are motivated.