5.88% Cap Rate 12-Unit Portfolio
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5.88% Cap Rate 12-Unit Portfolio 2 biens | Immeuble residentiel | À vendre | 3 151 882 € | Montclair, NJ
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Fully turnkey 12-unit portfolio with renovated interiors, private parking, and in-unit laundry, just one block from Bay Street Station.
- Capitalize on a rare rental upside of 23.08% with below-market rents, strong tenant demand, and significant long-term income growth potential.
- Nine of 12 units are fully renovated with modern kitchens, updated baths, and washer/dryer installations in 50% of apartments for added appeal.
- 70 and 108 Pine Street portfolio has a prime Montclair location near Glenfield Park with Midtown train access and affluent surrounding demographics.
- Tenants pay only for what they use, with separately metered utilities for gas, electricity, water, and sewer, allowing for reduced ownership costs.
- Recent mechanical upgrades include full replacement of water heaters and boilers, ensuring operational efficiency and reduced capital expenses.
RÉSUMÉ ANALYTIQUE
Exceptional investment opportunity in the heart of Montclair.
Don’t miss this rare chance to acquire a fully turnkey 12-unit portfolio, featuring two charming pre-war six-unit buildings just one block from Bay Street Station. Ideally located in one of Montclair’s most desirable neighborhoods, this income-generating asset offers immediate value with significant upside potential.
Currently operating with a 22.23% rental upside, the buildings consist of three spacious two-bedroom units and nine large one-bedroom units, each with a designated parking space in private on-site lots. Nine out of twelve units have been fully renovated, and in-unit washer/dryers have been installed in 66% of the apartments, adding to tenant appeal and rental value.
All utilities are separately metered, and tenants are responsible for gas, electricity, water, and sewer, minimizing operating expenses. Ownership has proactively replaced 100% of the water heaters and boilers, ensuring operational efficiency and reduced capital expenditures for the new owner.
Rents have been kept below market, allowing the next investor to capture upside through natural turnover. Additionally, the basement at 70 Pine Street offers dedicated storage space for each unit, a rare amenity in multifamily properties.
Located blocks from Bay Street Station with Midtown Direct service and adjacent to the newly revitalized Glenfield Park, this portfolio is perfectly positioned to benefit from strong tenant demand and continued neighborhood growth.
Don’t miss this rare chance to acquire a fully turnkey 12-unit portfolio, featuring two charming pre-war six-unit buildings just one block from Bay Street Station. Ideally located in one of Montclair’s most desirable neighborhoods, this income-generating asset offers immediate value with significant upside potential.
Currently operating with a 22.23% rental upside, the buildings consist of three spacious two-bedroom units and nine large one-bedroom units, each with a designated parking space in private on-site lots. Nine out of twelve units have been fully renovated, and in-unit washer/dryers have been installed in 66% of the apartments, adding to tenant appeal and rental value.
All utilities are separately metered, and tenants are responsible for gas, electricity, water, and sewer, minimizing operating expenses. Ownership has proactively replaced 100% of the water heaters and boilers, ensuring operational efficiency and reduced capital expenditures for the new owner.
Rents have been kept below market, allowing the next investor to capture upside through natural turnover. Additionally, the basement at 70 Pine Street offers dedicated storage space for each unit, a rare amenity in multifamily properties.
Located blocks from Bay Street Station with Midtown Direct service and adjacent to the newly revitalized Glenfield Park, this portfolio is perfectly positioned to benefit from strong tenant demand and continued neighborhood growth.
DATA ROOM Cliquez ici pour accéder à
TAXES ET FRAIS D’EXPLOITATION (RÉEL - 2024) |
ANNUEL |
|---|---|
| Revenu de location brut |
262 292 €
|
| Autres revenus |
3 401 €
|
| Perte due à la vacance |
7 869 €
|
| Revenu brut effectif |
257 825 €
|
| Taxes |
39 755 €
|
| Frais d’exploitation |
32 732 €
|
| Total des frais |
72 487 €
|
| Résultat net d’exploitation |
185 337 €
|
TAXES ET FRAIS D’EXPLOITATION (RÉEL - 2024)
| Revenu de location brut | |
|---|---|
| Annuel | 262 292 € |
| Autres revenus | |
|---|---|
| Annuel | 3 401 € |
| Perte due à la vacance | |
|---|---|
| Annuel | 7 869 € |
| Revenu brut effectif | |
|---|---|
| Annuel | 257 825 € |
| Taxes | |
|---|---|
| Annuel | 39 755 € |
| Frais d’exploitation | |
|---|---|
| Annuel | 32 732 € |
| Total des frais | |
|---|---|
| Annuel | 72 487 € |
| Résultat net d’exploitation | |
|---|---|
| Annuel | 185 337 € |
INFORMATIONS SUR L’IMMEUBLE
| Prix | 3 151 882 € | Nb de biens | 2 |
| Prix/m² | 3 294 € / m² | Individuellement en vente | 0 |
| Taux de capitalisation | 5,88 % | Surface totale de l’immeuble | 957 m² |
| Type de vente | Investissement | Surface totale du terrain | 0,12 ha |
| Statut | Actif |
| Prix | 3 151 882 € |
| Prix/m² | 3 294 € / m² |
| Taux de capitalisation | 5,88 % |
| Type de vente | Investissement |
| Statut | Actif |
| Nb de biens | 2 |
| Individuellement en vente | 0 |
| Surface totale de l’immeuble | 957 m² |
| Surface totale du terrain | 0,12 ha |
Biens
| NOM DU BIEN/ADRESSE | TYPE DE BIEN | SURFACE | ANNÉE DE CONSTRUCTION | PRIX INDIVIDUEL |
|---|---|---|---|---|
| 70 Pine St, Montclair, NJ 07042 | Immeuble residentiel | 511 m² | 1924 | - |
| 108 Pine St, Montclair, NJ 07042 | Immeuble residentiel | 446 m² | 1912 | - |
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CONSEILLER EN VENTE
CONSEILLER EN VENTE
Jonathan Wickner, Sales Associate
Based in Livingston, New Jersey, Jonathan Wickner brings a strong foundation in economics and industry to his role at Maybrook Management LLC. A graduate of the University of Arizona with a bachelor’s degree in economics and industry, Jonathan applies his academic background to support strategic real estate management and investment decisions.
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