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1123 Almond Rd

4 Unit Block of Flats £704,205 (£176,051/Unit) 6.60% Net Initial Yield Elmer, NJ 08318

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Investment Highlights

Turn key
All units have washer/dryer hook ups!

Located in desirable Pittsgrove Twp

Executive Summary

*INVESTOR ALERT* Add this turn key property to your portfolio- A QUADPLEX! Located in the desirable Pittsgrove Township, this is a unicorn! All four townhomes have 2 bedrooms and 1.5 bath. FULL, Unfinished basements with WASHER & DRYER hookups in each unit! Paved parking is available in front of the building which is located in a quiet, private area that backs to trees and a STREAM that runs into PARVIN LAKE! Located across the street from Pittsgrove Middle School and within walking distance to Parvin State Park, The Centerton Inn, Anderson’s Country Store and Centerton Pond-all that makes this incredible investment a sure thing! Contact the listing agent for more details! Seller is conveying the property in present AS-IS condition. Seller to make no repairs. Buyer to obtain all certifications through the township. Seller will provide a passing well water test. Seller will consider holding the note, at least 20% down-terms are negotiable.

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£61,031	£6.10
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£61,031	£6.10
Taxes	-	-
Operating Expenses	-	-
Total Expenses	£6,478	£0.65
Net Operating Income	£54,553	£5.46

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£61,031
Annual Per SF	£6.10

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£61,031
Annual Per SF	£6.10

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	£6,478
Annual Per SF	£0.65

Net Operating Income
Annual	£54,553
Annual Per SF	£5.46

Property Facts

Price	£704,205	Apartment Style	Townhome
Price Per Unit	£176,051	Building Class	C
Sale Type	Investment	Lot Size	0.98 AC
Net Initial Yield	6.60%	Building Size	10,000 SF
Sale Conditions	1031 Exchange Portfolio Sale High Vacancy Property	Average Occupancy	100%
No. Units	4	Number of Floors	2
Property Type	Residential	Year Built	1974
Property Subtype	Apartment	Parking Ratio	1/1,000 SF

Price	£704,205
Price Per Unit	£176,051
Sale Type	Investment
Net Initial Yield	6.60%
Sale Conditions	1031 Exchange Portfolio Sale High Vacancy Property
No. Units	4
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Townhome
Building Class	C
Lot Size	0.98 AC
Building Size	10,000 SF
Average Occupancy	100%
Number of Floors	2
Year Built	1974
Parking Ratio	1/1,000 SF