4-Unit Deal – Atlantic *

The buyer will pay a $10K commission for this deal.

Strong Value-add Multifamily with Solid unit mix and major upside through renovation/optimization. Additional income potential through storage.
Home Specs:

6 Bed/ 4 Bath
3320 Sqft
2787 Sqft Lot
Parking permitted and on Property
$100,800 Gross Potential Income
Estimated expenses $16,000 – $18,000 Yearly – $82,000 – $84,000 NET
Units (Quadplex)

Unit A: 1 Bed 1 Bath + Bonus room
Unit B: 2 Bed 1 Bath
Unit C: 1 Bed 1 Bath + Bonus Room
Unit D: 2 Bed 1 Bath (Attic Access)
5th Unit (Not Living space): Dedicated Mechanical + Storage Area
Public Water/ Public Sewer
South Jersey Gas Available (confirmed service at Address)
Roof: No known Leaks
Approved plans on file: Stackable W/D shown + (4) Tankless Combi Boiler /WH Planned
Newer Construction on the same block
Fully renovated home across the street from recent sales.
Tenants will pay all of their own utilities.
The owner just needs to pay water and sewer taxes
Collecting $8,400 a month, even if taxes are increased to $9,000 through renovation and assessment, huge upside
Water and sewer are estimated at $1,000 quarterly
Estimated $3500 yearly for insurance.