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33184706
33184825

6 BURR AVE, WESTVILLE, NJ 08093

MW
NJ 0447867
RE/MAX ONE Realty-Moorestown
Listed by RE/MAX ONE Realty-Moorestown
$995,000
5 days on market
Updated 5 days ago

6 BURR AVE WESTVILLE NJ 08093

Details
APN 21-00100-0000-00013-01
Property Type Retail, Multifamily
Sub Type Apartment Building
Square Footage 4,500
Units 8
Cap Rate 8.05%
NOI $80,124
Occupancy 100%
Tenancy Multi
Year Built 1950
Stories 2
Lot Size (SqFt) 8,025
Ground Lease No

Retail | 8.05% CAP | 4,500 SqFt

Marketing 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.

Listing Contacts

MW
NJ 0447867
RE/MAX ONE Realty-Moorestown
Listed by RE/MAX ONE Realty-Moorestown

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$80,124.00
$6,677.00/mo

Valuation Metrics

0
DSCR
8.05%
Cap Rate
8.05%
ROI

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Additional Information

Name
Michael Walton
License
0447867
Brokerage
REMAX ONE Realt
Brokerage Phone
8563830682
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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