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Investment Property

Essex County, New Jersey

Asking Price: Gross: Cash Flow:
$475,000 $85,632 $61,952

Real Estate:
$475,000 (included in the asking price)

Business Summary:
Rooming house with additional 2 separate apartments and 4 garages. See Ted for showing and rent roll. Rooming House has 3 bath rooms and 1 kitchen for tenants use, apartments are separate- presently fully rented.

 
   
   
Year Business was Established: 1983
   
Number of Employees: 1PT  
   
Facilities / Terms of Lease: 10 room licensed rooming hours plus 2 apartments and 4 garages for rental.  
   
Potential Growth/Expansion: Should see rental rate escalation.  
   
Competition: Limited  
   
Owner willing to finance: None  
   
Owner willing to train: None  
   
Reason for selling: Other investment interest.  
 

 

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