WRIGHTSTOWN, NJ LANDLORD SPECIAL MULTIFAMILY 8 UNITS!
Property Location
38 W Main St
Wrightstown, NJ 08562
Features
Units: 8
Bedrooms: 8
Bathrooms: 4
8562095519
Calling all landlords, here is an 8 unit Rooming House to add to your portfolio!
This property was BRRRR'd a few years ago and is in turn-key condition!
This 8 unit rooming house includes:
8 bedrooms
4 baths
3 Kitchens
Rents for the units are as follows:
Room 1 - $600 ($585 rent, $15 for parking spot)
Room 2 - $625
Room 3 - $675 (new tenant, this is the market rent for a room)
Room 4 - $550 (smallest room, thus lower rent)
Room 5 - $650
Unit A - $875 ($850 rent and $25 water fee)
Unit B - $775 ($750 rent and $25 water fee starting 4/1, renewal just signed)
Unit C - $795 (long term tenant way below market)
Total Gross Rent: $5545 x 12 = $66,540/Yr Gross Rent
EXPENSES are as follows:
Insurance- $4,319.00
Taxes- $3,784.79
Gas & Electric- $3,985.96
Water & Sewer--$4,425.82
Licensing Fees- $1,355.00
General repairs and maintenance: $3,258.62
Total Annual Expenses: $21,129.19
Net Operating Income: $45,410.81 NOI
Cap Rate @ $410,000.00 Purchase Price = 11% Cap
These units are in Burlington County and consist of 3800 sqft, 8 bed / 4 bath, $3,785 taxes Gas/city/city
This property is in a great location near McGurie and Fort Dix in Wrightstown NJ as well as close to everything In Wrightstown.
Your tenants will love this desirable central location in Wrightstown!
First Come, First Serve!
Recent Sales in Wrightstown:
$420,000 10 Railroad Ave, Wrightstown, NJ 08562 (Commercial) Sold on 09/29/23
$435,000 5 Francis St, Wrightstown, NJ 08562 (5 Unit) Sold on 04/10/23
$465,000 8 Field Ct, Wrightstown, NJ 08562 (Single) Sold on 06/12/23
Current Active Sales:
$479,000 120 E Main St, Wrightstown, NJ 08562 (4 Unit)
Photos:
https://drive.google.com/drive/folders/1vl5nXODRWB4dd2WzKBxN-XxlTtgJzmUx?usp=sharing
Call or text RolandJ at 856-208-6956 or email at rolandj@rolandjbuyshouses.com
Need credit or capital for your flips and/or holds??
Copy and paste the following link for details: https://mbcapitalsolutions.com/RolandJbuyshouses/
This property was BRRRR'd a few years ago and is in turn-key condition!
This 8 unit rooming house includes:
8 bedrooms
4 baths
3 Kitchens
Rents for the units are as follows:
Room 1 - $600 ($585 rent, $15 for parking spot)
Room 2 - $625
Room 3 - $675 (new tenant, this is the market rent for a room)
Room 4 - $550 (smallest room, thus lower rent)
Room 5 - $650
Unit A - $875 ($850 rent and $25 water fee)
Unit B - $775 ($750 rent and $25 water fee starting 4/1, renewal just signed)
Unit C - $795 (long term tenant way below market)
Total Gross Rent: $5545 x 12 = $66,540/Yr Gross Rent
EXPENSES are as follows:
Insurance- $4,319.00
Taxes- $3,784.79
Gas & Electric- $3,985.96
Water & Sewer--$4,425.82
Licensing Fees- $1,355.00
General repairs and maintenance: $3,258.62
Total Annual Expenses: $21,129.19
Net Operating Income: $45,410.81 NOI
Cap Rate @ $410,000.00 Purchase Price = 11% Cap
These units are in Burlington County and consist of 3800 sqft, 8 bed / 4 bath, $3,785 taxes Gas/city/city
This property is in a great location near McGurie and Fort Dix in Wrightstown NJ as well as close to everything In Wrightstown.
Your tenants will love this desirable central location in Wrightstown!
First Come, First Serve!
Recent Sales in Wrightstown:
$420,000 10 Railroad Ave, Wrightstown, NJ 08562 (Commercial) Sold on 09/29/23
$435,000 5 Francis St, Wrightstown, NJ 08562 (5 Unit) Sold on 04/10/23
$465,000 8 Field Ct, Wrightstown, NJ 08562 (Single) Sold on 06/12/23
Current Active Sales:
$479,000 120 E Main St, Wrightstown, NJ 08562 (4 Unit)
Photos:
https://drive.google.com/drive/folders/1vl5nXODRWB4dd2WzKBxN-XxlTtgJzmUx?usp=sharing
Call or text RolandJ at 856-208-6956 or email at rolandj@rolandjbuyshouses.com
Need credit or capital for your flips and/or holds??
Copy and paste the following link for details: https://mbcapitalsolutions.com/RolandJbuyshouses/