Verona Ave Portfolio: 328 Apartments with Commercial Store

Description:

Century 21 Preferred is pleased to present an exclusive offering for a portfolio package consisting of 28 well-maintained apartments and 1 commercial store located in the highly desirable North Ward, bordering Belleville, NJ.

• Location: Situated in the sought-after North Ward, these properties are located in a prime area that offers convenience and accessibility. The proximity to Belleville enhances the appeal, providing tenants with easy access to local amenities, public transportation, and major highways.
• Unit Composition: The portfolio features a diverse mix of unit types, including one­ bedroom, two-bedroom, and three-bedroom apartments, ensuring high demand among various tenant demographics. Additionally, the commercial store provides an opportunity for supplementary rental income.
• Well-Maintained Properties: These properties have been meticulously maintained, ensuring minimal immediate capital expenditure for potential investors.
• Oversized Lot with Redevelopment Potential: The property at 269-271 Verona Ave. sits on an oversized lot, presenting opportunities for redevelopment subject to proper approvals. This adds a significant value proposition for future expansion or development projects.
• Strong Rental Market: The North Ward is known for its strong rental market, with consistent demand for residential units. The commercial store adds a diversified income stream, enhancing the overall investment stability.
• Investment Opportunity: This portfolio offers a robust investment opportunity with stable cash flow and potential for rental growth. The diverse unit mix and the presence of a commercial store contribute to the attractiveness of this investment

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