Hi Everyone!!! Come check this out!!! value add opportunities with 4%+ actual cap rate and a Proforma cap rate of 11%+!!! 9 units for $375,000!!! You can't beat that!!! Instead of buying a house, buy an investment for the same price that will give you a monthly check!!! This Rooming House consists of 9 units, 8 - 1 Bedrooms and 1 Office Space. Best of all, the 9%+ proforma cap rate doesn’t even include the signage opportunity!!! This property is super conveniently located. There are 4 - 295 exits within 5 mins of the property location and under 10 minutes of a NJ Turnpike exit. You are within walking distant to the main business district in town, and only a few blocks away from the water, where they also have fireworks around July 4!!! If you want the more information or the financials with specific numbers, please feel free to message me with your email address and the request, and I'll be more than happy to send you the spreadsheet breakdown. Just remember, with the market the way it is, the deal won't last. It's best to lock-in this awesome deal now. That way you're not only hedge against inflation, but chances are, your interest rate will be significantly less then what it's going to be in the future!!! Check out the the area view of this property https://www.youtube.com/watch?v=sfWBk5GVaHs
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