159 Delaware St

Highlights:

• Days on Market: 4
• Parking Features: Lighted Parking
• Heating: Heat Pump(s)

Description:

Road Frontage

100 % occupied, 12-unit commercial apartment building located in a quiet residential section of Woodbury, NJ. The property consists of eight (8) one-bedroom units and four (4) two-bedroom units, offering a desirable unit mix for long-term rental demand.
Seven (7) units feature guaranteed rental income through HUD, providing stable and predictable cash flow. The remaining units are occupied by long-term tenants, further enhancing income reliability and reducing turnover risk.
The seller is open to continuing property management for a fee, offering a seamless transition for an out-of-area or hands-off investor.

This property presents an excellent opportunity for investors seeking steady income, government-backed rent, and minimal operational disruption in an established residential area.

Highlights:

12 total units (8 one-bedroom / 4 two-bedroom)
$20,000 state of the art security system

Quiet residential location in Woodbury, NJ

7 HUD-subsidized units with guaranteed rent

Long-term tenant base

Seller-offered property management available

Strong candidate for buy-and-hold investors

Roof is about 15-17
HVAC units, probably 7 of the 12 are less than 5 years.
Remaining 5 are fully operational, no issues.

---

Report Listing This listing was syndicated through:

Listing ID: 804447800246