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Linden and Rahway Portfolio 3 Multifamily Properties in Multiple Locations
Investment Highlights
- 32-unit multifamily portfolio spanning three strategically located assets 2.6 miles apart.
- Clear path to revenue growth through the mark-to-market of in-place rents, which are currently estimated to be approximately 17% below market.
- The Portfolio features a diversified and highly rentable mix of 13 one-bedroom units, 18 two-bedroom units, and 1 three-bedroom unit.
- Favorable rent control with combination of free-market and vacancy decontrol.
Executive Summary
The Luttgen & Elm Portfolio offers the opportunity to acquire a 32-unit multifamily portfolio spanning three strategically located assets 2.6 miles apart in Union County: Luttgen Place, 8 units in Linden; Elm Apartments, 8 units in Linden; and Elm Manor Apartments, 16 units in Rahway.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 21,316 SF |
| Number of Properties | 3 | Total Land Area | 0.69 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 21,316 SF |
| Total Land Area | 0.69 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 415 E Elm St, Linden, NJ 07036 | Multifamily | 8,002 SF | 1929 | - |
| 104 Luttgen Pl, Linden, NJ 07036 | Multifamily | 7,536 SF | 2010 | - |
| 132 Elm Ave, Rahway, NJ 07065 | Multifamily | 5,778 SF | 1925 | - |
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Linden and Rahway Portfolio
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