10 Unit Multi Family Property - Value Add 236 Spring St 10 Unité Immeuble d’appartements 2 397 045 $ CAD (239 705 $ CAD/Unité) 6,28% Taux de capitalisation Newton, NJ 07860

The 10 Apartments are located along Spring St (Main corridor of Newton) and Madison St. Great central
and walkable location. Room to raise rents. Two buildings on one parcel with a total of 10 Apartments and a large parking lot in between.
A few of the apartments have been renovated but the majority can be updated and rents increased. Recent full roof replacements on both buildings. There is no rent control in Newton. City water and sewer.

Building One (236 Spring + 1 Madison) has 6 Residential Units
Two 2 BR, Two 1 BR and Two Studio Apartments
Building Two (5 Madison) has 4 Residential Units
Four 1 BR Apartments

Landlord Pays Water/Sewer for all units
Building 1 pays their own utilities except Water/Sewer.
Landlord currently pays electricity and gas heat for the 4 1 BR units in Building 2. Separating utilities and having tenants pay in Building 2 would
create immediate additional value.

Newton is the county seat of Sussex County and home to Newton Memorial Hospital, Thor Labs,
Sussex County Community College and a number national tenants ensuring a steady stream of potential renters.

Please contract Marc for Income and Expenses.