350 - 360 Concord Ave, EWING, NJ 08618

Presenting a rare investment opportunity: five detached multifamily buildings, each located on the same street in Ewing, NJ. Each building features four units—two spacious 2-bedroom, 1-bath apartments and two comfortable 1-bedroom, 1-bath apartments—totaling 20 units across the portfolio. Property Highlights: Unit Mix: Each building offers 2 × 2BR/1BA and 2 × 1BR/1BA units, for a total of 10 two-bedroom and 10 one-bedroom units. Configuration: All five buildings are detached and situated on a single street, maximizing curb appeal and operational efficiency. Current Income: The portfolio generates a gross scheduled rent of $270,264 and a collected rent of $251,000 annually, with a Net Operating Income (NOI) of approximately $169,234 after projected renovations. Cap Rate: At the $2,200,000 asking price and projected NOI, the cap rate is approximately 7.7% for a cash purchaser. Value-Add Upside: Unlock the property’s full potential by investing approximately $300,000 in targeted … read more …