Westville, NJ 08093
- $995,000
- List Price
- $995,000
- Days on Market
- 85
- Status
- ACTIVE
- MLS#
- NJGL2072446
- Lot Size (Acres)
- 0.19
- Year Built
- 1950
- County
- Gloucester
- School District
- Gateway 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.
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Additional Information
- Area
- Westville Boro (20821)
- Taxes
- $20876
- School District
- Gateway Regional Schools
- Heating
- 90% Forced Air
- Heating Fuel
- Natural Gas
- Cooling
- None
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
Mortgage Calculator
Listing courtesy of RE/MAX ONE Realty. Contact: 8567228090