21 Unit Multi Family-Mixed Use on Rt 33 | 520 Highway 33
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21 Unit Multi Family-Mixed Use on Rt 33 520 Highway 33
19 Unit Block of Flats £3,353,250 (£176,487/Unit) 7.57% Net Initial Yield Millstone Township, NJ 08535
Investment Highlights
- New Amazon Fulfillment Center Down the Street
- One of the Few Multi Family Properties in the Area
- Newly Remodeled Restaurant on New 5 Yr Lease with Options
- 6.42 Acres
- 19 Residential Units
Executive Summary
19 Residential Units and a beautiful remodeled Restaurant on a new 5 year lease with options
make this constantly in demand heavy cash flowing mixed use property on Rt 33 in Millstone ideal for any investor.
On 6.4 acres and being situated right down the road from the new Amazon fulfillment center ensures a steady and constant
stream of qualified renters. This is one of the few larger scale multi family properties in the area.
There are 5 Buildings in total - 3 Apartment Buildings, 1 Restaurant and 1 Garage building.
This Multi Family-Mixed Use property has a sought after outdoor park like setting and provides easy access to the GSP and NJ Turnpike.
In addition to the Apartments and Restaurant there are several rented garages. Convenient Laundry Income provides a key amenity for rentersalong with the additional income.
Residential rents are under market and are always rented as soon as they become available.
Would be an excellent buy and hold property but also would be a great future development project
with over $400K a year in gross income.
Zoning is HC-1
Please contact Marc for detailed income and expenses
make this constantly in demand heavy cash flowing mixed use property on Rt 33 in Millstone ideal for any investor.
On 6.4 acres and being situated right down the road from the new Amazon fulfillment center ensures a steady and constant
stream of qualified renters. This is one of the few larger scale multi family properties in the area.
There are 5 Buildings in total - 3 Apartment Buildings, 1 Restaurant and 1 Garage building.
This Multi Family-Mixed Use property has a sought after outdoor park like setting and provides easy access to the GSP and NJ Turnpike.
In addition to the Apartments and Restaurant there are several rented garages. Convenient Laundry Income provides a key amenity for rentersalong with the additional income.
Residential rents are under market and are always rented as soon as they become available.
Would be an excellent buy and hold property but also would be a great future development project
with over $400K a year in gross income.
Zoning is HC-1
Please contact Marc for detailed income and expenses
Property Facts
Unit Amenities
- Kitchen
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| Studios | 12 | - | - |
-
Marc Weitz -
Fairclough Realtors
1 of 44
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21 Unit Multi Family-Mixed Use on Rt 33 | 520 Highway 33
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