11 High St, Woodbury, NJ 08096

Description

***Attention Savvy investors -Instant Cash Flow, Long-term tenants, Significant upside.*** 11 High Street presents a compelling opportunity to acquire an established three-unit income-producing property in the heart of Woodbury, currently generating $4,200 per month and $50,400 in annual gross rental income.

All three units are occupied by long-term tenants of approximately 10 years, providing an established rental history from day one. The first and second-floor units each feature 2 bedrooms and 1 full bath, while the third-floor unit offers 3 bedrooms and 1 full bath. Each unit has its own utilities and mechanical systems, with tenants paying their own utilities.

Substantial Rent roll upside! Current rental comps indicate meaningful opportunity to increase rental income with modest improvements, giving the next owner the ability to add value over time while acquiring a property that is already producing income today.

The opportunity goes well beyond the numbers. This classic High Street property retains the craftsmanship and architectural character that make older homes special, including original hardwood floors, pocket doors, handcrafted railings and other period details throughout. Generous room sizes and traditional layouts add to the appeal, while an exceptionally large backyard provides a surprising amount of outdoor space for a multi-unit property.

Major improvements include a roof less than 10 years old and replacement windows installed approximately 15 years ago. Driveway and street parking are available.

For the investor looking for that difficult-to-find combination of established income, long-term occupancy, value-add potential and a property with genuine character, 11 High Street checks a lot of boxes.

Buyer are responsible for conducting their own due diligence regarding zoning, permitted use, unit count, rental requirements, historical district requirements and any intended future use of the property with the appropriate municipal and governmental authorities. Photos have been digitally enhanced to preserve the privacy of the tenants and their belongings.