49 Caldwell Pl, Unit Springfield Twp. Springfield, NJ 07081

This unique property presents an investment opportunity, featuring five income-producing units on a single parcel. The property includes four 1-bedroom apartments with passing DCA inspection, and a detached single-family home, offering a mix of rental options. Each apartment has a living room, bedroom with a flex room suitable for an office or walk-in closet, kitchen, and bath. The single-family home provides flexibility for either an owner-occupant or a long-term tenant. The property offers steady rental income with diversification across multiple units. It is located near shopping, dining, and commuter routes to NYC. The four units are occupied with long-term tenants, now on a month-to-month basis and under rent control. The single-family home is not under rent control. There are separate utilities for all units using natural gas, including one new apartment furnace, and some updated windows. The owner is responsible for water and sewer for the apartments only. The property is being sold as-is. The cap rate of 6.93 includes potential rent for the single-family home (currently vacant) at approximately $2800 per month, which requires updating. The buyer is responsible for obtaining town inspections. Flood insurance may be required.