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MULTI-FAMILY INVESTMENT OPPORTUNITY 2155 Camplain Rd 3 Unit Apartment Building $974,798 CAD ($324,933 CAD/Unit) 9% Cap Rate Hillsborough, NJ 08844
Investment Highlights
- This property resides on a Large Lot, it is Approximately +/- 0.62 Acre. The Building Size is Approximately is +/- 2,350 sf.
- Tenants are Currently on Month-to-Month with the Rents being under market. Thee is are 2 driveways with approximate room for 10 cars.
- Tenants are responsible for their own metered City Gas and Electric. The Hot Water and Baseboard Heat and Stove are gas.
- There are (2) Units: 2 Bedrooms, 1 Bath on the lower floor and (1) Unit: 1 Bedroom, 1 Bath on the upper floor with a Fire Escape.
- There is a Full Walkout Basement that leads to the back partially wooded yard. There are two attached staggered decks.
- House is serviced by Well Water and Septic. The Landlord is responsible for Taxes and Building Insurance.
Executive Summary
- Calling all Investors!
3 FAMILY INVESTMENT OPPORTUNITY - LONG TERM APPRECIATION.
- Bridgewater / Hillsborough. Close to major highways Rt-22, Rt-287, Rt-206 Rt-202 and Rt-78.
- (Note: Sale contingent per owners obtaining current multi-unit certification with township)
- Three family, once in a lifetime buy in beautiful Hillsborough. Located on a 0.62 acre property.
- Two units with two bedrooms, one bath. One unit with one bedroom, one bath.
- Full walkout basement. Currently the tenant is on month-to-month lease. Under Market Rent.
- 2 Driveways with approximately 10 car parking.
3 FAMILY INVESTMENT OPPORTUNITY - LONG TERM APPRECIATION.
- Bridgewater / Hillsborough. Close to major highways Rt-22, Rt-287, Rt-206 Rt-202 and Rt-78.
- (Note: Sale contingent per owners obtaining current multi-unit certification with township)
- Three family, once in a lifetime buy in beautiful Hillsborough. Located on a 0.62 acre property.
- Two units with two bedrooms, one bath. One unit with one bedroom, one bath.
- Full walkout basement. Currently the tenant is on month-to-month lease. Under Market Rent.
- 2 Driveways with approximately 10 car parking.
Property Facts
| Price | $974,798 CAD | Property Subtype | Apartment |
| Price Per Unit | $324,933 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.62 AC |
| Cap Rate | 9% | Building Size | 2,350 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1940 |
| Zoning | Light Industrial - Light Industrial | ||
| Price | $974,798 CAD |
| Price Per Unit | $324,933 CAD |
| Sale Type | Investment |
| Cap Rate | 9% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 2,350 SF |
| No. Stories | 2 |
| Year Built | 1940 |
| Zoning | Light Industrial - Light Industrial |
Amenities
Unit Amenities
- Storage Space
- Washer/Dryer Hookup
- Kitchen
Site Amenities
- Gas Range
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+3 | 3 | - | 2,350 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 10-00086-0000-00003 | Improvements Assessment | $252,612 CAD |
| Land Assessment | $307,758 CAD | Total Assessment | $560,370 CAD |
Property Taxes
Parcel Number
10-00086-0000-00003
Land Assessment
$307,758 CAD
Improvements Assessment
$252,612 CAD
Total Assessment
$560,370 CAD
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MULTI-FAMILY INVESTMENT OPPORTUNITY | 2155 Camplain Rd
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