Receivership Auction: Licensed Rooming Houses

Highlights:

• Receivership Auction, 3 Rooming Houses.
• September 10

Description:

Receivership Auction, 3 Rooming Houses. September 10: High-density investment opportunity offering strong cash-flow potential and revenue per square foot. Operating below full occupancy with inactive units, the portfolio provides immediate upside without major expansion. More than $100,000 was recently invested in improvements, permitting, and license remediation, including new vinyl flooring and fresh paint. Low assessed taxes limit overhead during stabilization, while zoning may allow repositioning or unit-mix optimization, subject to approvals. Located in Kearny and Lodi, NJ, within NYC commuting corridors, the properties offer walkability and transit access near PATH and NJ Transit, plus workforce and student demand from employers, hospitals, Rutgers-Newark, NJIT, and Essex County College.