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Listed by Michael Walton • RE/MAX ONE Realty
$ 995,000
Est. payment /mo
Pending
Address not disclosed Westville, NJ 08093
8,276 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID NJGL2072446
Year Built 1950
Annual Tax Amount $20,876
Tax Year 2025
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type Five Or More Units
Source BRIGHT
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.
Location
State NJ
County Gloucester
Area Westville Boro (20821)
Zoning R
Interior
Hot Water Natural Gas
Cooling None
Heat Source Natural Gas
Exterior
Garage Spaces 10.0
Water Access N
Accessibility None
Total Parking Spaces 10
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Gateway Regional Schools
Others
Tax ID 21-00100-00013 01
Ownership Fee Simple
Special Listing Condition Standard
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Thomas Ciccarone
Sales Associate License ID: 1867455
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