102 Hemlock Hl Montague, NJ 07827
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 102 Hemlock Hl
- Year built
- 1973
- Property type
- Apartment buildings
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montague
- County
- Sussex
- State
- New Jersey
- Longitude
- -74.7593
- Latitude
- 41.3015
