5 Canfield St, Budd Lake, NJ 07828

In addition to purchasing the property as a rental investment you can apply for a Site Variance to extend the Commercial Footprint for the purpose of constructing a retail operation. The 3 houses come with 8 bedrooms 3 Living Rooms, 1 Family Room, 3 Kitchens &, 4 Full Bathrooms and Garages for 6 Vehicles is located at back-end of the property. The current owner is certified as a Section 8 Landlord as well. 5 Canfield is partially occupied and can be rented as a 4 Bedroom house with 2 Full Bathroom, Dining, Living and Family Rooms for approximately $2000 a month, An additional $200 per month collected for 2 garages. The lot is within 10 minute of the the International Trade Zone. As an Investment property the ROI in the more than 13% with a CAP rate of slightly less than 7%.