337-339 State Route 17m, Unit 1.5

Investment Highlights

This is an excellent income-producing opportunity with strong cash flow and attractive investment metrics.

Purchase Price: $769,000

Estimated Gross Rental Income: $72,000 per year ($6,000/month)

Net Operating Income (NOI): $60,707 annually

Cap Rate: 7.89%, providing a solid return before financing.

Estimated Annual Cash Flow (after mortgage): $16,962

Cash-on-Cash Return: 7.6, offering a strong return on the invested capital.

Debt Service Coverage Ratio (DSCR): 1.39x, indicating the property's income comfortably covers the mortgage payments.

Gross Rent Multiplier (GRM): 10.68, reflecting a competitive income-to-price ratio.

With projected annual rental income of $72,000, a 7.89% cap rate, and positive cash flow from day one, this property presents an attractive opportunity for both seasoned investors and owner-occupants seeking additional rental income. The strong NOI and healthy DSCR demonstrate the property's ability to generate consistent income while supporting financing.

Charming Multi-Family Opportunity with Spacious Outdoor Space

Discover the potential of this unique multi-family property offering generous living space, a large covered porch, and a private, tree-lined setting. The home features spacious bedrooms, multiple kitchens, bright living areas, and flexible floor plans ideal for extended family or investment opportunities.

Outside, you'll find a detached storage shed, an additional outdoor deck/work area, and ample parking. Surrounded by mature trees, the property offers privacy while still providing convenient access to shopping, restaurants, schools, and major roadways.

Whether you're looking to expand your investment portfolio, occupy one unit while generating rental income, or accommodate multi-generational living, this property offers exceptional potential. Bring your vision and make this versatile property your own.

Highlights:

Multi-family income opportunity

Spacious covered front porch

Multiple kitchens and living areas

Detached storage shed

Large outdoor space with mature trees

Ample off-street parking

Convenient location close to shopping, dining, and commuter routes

Great opportunity for investors or owner-occupants

This property is ready for its next chapter—schedule your private showing today!