102 Hemlock Hl Montague, NJ 07827

This exceptional investment opportunity presents an eight-unit apartment building located at 102 Hemlock Hill, Montague, NJ 07827, situated in the desirable High Point Country Club area. The property, built in 1973, is a two-story building offering a total of eight one-bedroom, one-bathroom units. Currently fully occupied, this Class D multifamily property boasts a strong 8% capitalization rate and an asking price of $1,200,000, translating to $150,000 per unit. The building features ample parking with 16 spaces available for residents. All lease agreements are in place with verifiable monthly payments, providing a consistent income stream. The property utilizes public water and a semi-public sewer system. This is a turnkey investment, ideal for an investor seeking a stable and profitable addition to their portfolio. The property's location within High Point Country Club offers a desirable residential setting. Further details are available upon request.