This exceptional 13-unit apartment building in desirable East Amwell Township, NJ presents a compelling investment opportunity. Built in 2016, this meticulously maintained property boasts 10,705 square feet across two buildings, offering a mix of six one-bedroom and six two-bedroom units, plus one additional unit in a carriage house. High-quality finishes, including maple floors, Anderson windows, and Corian countertops, create modern and comfortable living spaces. The property features 9-foot ceilings, carpeted hallways, double sheetrock walls for soundproofing, and four handicapped-accessible units. Safety and convenience are prioritized with an alarm system, fire sprinklers, a Swiftkey lock system, a 2590-gallon water tank, ample off-street parking for 20 vehicles, a coin-operated laundry, and building-wide Wi-Fi. Two EV chargers cater to environmentally conscious residents. Sitting on 2.01 acres, this green building offers a low carbon footprint and benefits from a 100% occupancy rate, generating over $291,000 in gross annual rental income and a net operating income (NOI) of $213,000. The property's strategic location offers tranquility while maintaining easy access to Princeton, Flemington, and Lambertville. This turnkey investment opportunity is priced at $3,400,000, representing a 6.26% cap rate and $261,538 per unit. The property is zoned Val.
Highlights
$3,400,000 asking price for a 13-unit apartment building in East Amwell Township, NJ.
10,705 square feet, 100% occupancy, generating $213,000 NOI and a 6.26% cap rate.
Built in 2016, featuring two 3-story buildings on a 2.01-acre lot with 20 parking spaces.
Includes 6 one-bedroom and 6 two-bedroom units, plus one additional unit; $261,538 per unit.
Property features include maple floors, Anderson windows, Corian countertops, and EV chargers.
Apartment building - 13 Units, High Occupancy, Strong NOI
Where is the apartment building located?
The property is located at 2 Lindbergh Rd East Amwell Township, NJ.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: $3,400,000 asking price for a 13-unit apartment building in East Amwell Township, NJ.; 10,705 square feet, 100% occupancy, generating $213,000 NOI and a 6.26% cap rate.; Built in 2016, featuring two 3-story buildings on a 2.01-acre lot with 20 parking spaces.
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Contacts
Joseph Plotnick
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Lindbergh Rd East Amwell Township, NJ 08551
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Lindbergh Rd East Amwell Township, NJ 08551
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2 Lindbergh Rd
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