Very rare opportunity to purchase an existing 8 unit multifamily building with a net income of $120,000 plus approvals to build 4 townhomes on the empty lot next door. This is a package deal that has the potential to yield 300k+ in net income. 4 of the 8 units have been updated and owner has completely separated all utilities. On site parking lot. This is a strong hold opportunity! Text George Marogi for additional information (201) 694-9054Very rare opportunity to purchase an existing 8 unit multifamily building with a net income of $120,000 plus approvals to build 4 townhomes on the empty lot next door. This is a package deal that has the potential to yield 300k+ in net income. 4 of the 8 units have been updated and owner has completely separated all utilities. On site parking lot. This is a strong hold opportunity! Text George Marogi for additional information (201) 694-9054

Realtor specializing in the Morris County market. Member of the Tucker Real Estate Team. 

Kelvin Veras

Ramzi Jaloudi is the Founder and Broker of Record of Reapex, headquartered in Fort Lee, New Jersey. Over a 15-year career, he has advised buyers, sellers, investors, landlords and developers on residential, multi-family, commercial and investment transactions throughout North Jersey, including national-brand franchisees in leasing and acquisitions. An active real estate developer with hands-on experience in municipal zoning and land-use approvals, he is a Rutgers Business School graduate and a lifelong Bergen County resident.

Featured in Real Estate Today, Realty Today Magazine and Khaleej Times.

Reapex, Licensed Real Estate Broker

285 Orch TER

Asking price

$2,295,000

Asking price

$2,295,000

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