146 Inslee Pl Elizabethport, NJ 07206

Property Details for 146 Inslee Pl

Lot size

0.06 lot acres

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a meticulously renovated six-family apartment building located at 146 INSLEE PL Unit 146, Elizabethport, NJ. Completed in 2018, this property boasts a recent and comprehensive renovation, minimizing the need for immediate capital expenditures. The building sits on a conveniently sized 0.06-acre lot, offering ample space for the structure and potential for future improvements or expansion, subject to local zoning regulations. The property is currently generating income through six individual rental units. A significant advantage for investors is that tenants are responsible for their own utilities, reducing the landlord's operational expenses. The landlord is responsible for water expenses only, further streamlining management and maximizing profitability. This turnkey investment is ideal for both seasoned real estate investors seeking a stable, cash-flowing asset and those new to the market looking for a low-maintenance, high-return property. The asking price of $929,900 reflects the property's strong rental income potential and the recent high-quality renovations. Detailed financial statements and tenant occupancy information are available upon request. This is a rare opportunity to acquire a well-maintained, income-producing multi-family property in a desirable location. Don't miss out on this chance to secure a valuable addition to your investment portfolio.