Courtesy: VRI Homes
800-531-2885
Allegra Cojab
Opportunity awaits in this multi-family 12-unit property located in the prime heart of Deal, NJ. Nestled in an excellent location, this expansive property boasts incredible potential. Spanning over 7,000 square feet, the building sits on an expansive 100 x 100 lot, providing ample space for revitalization. This property presents a canvas of possibilities for those with a vision. With extensive gutting already undertaken, the groundwork for transformation has been set. The property includes six garages and a basement, offering valuable additional space. Equipped with radiant heat and emergency exits for every unit, safety and comfort are covered. Each unit features a practical layout with a kitchen, living room, bedroom and bathroom, but it can easily be converted into bigger apartments, as most interior walls have been taken down. With its central location in Deal, NJ, this property is poised to become a lucrative investment opportunity or a potential haven for renters seeking a convenient and vibrant community. Unleash your creativity and turn this diamond in the rough into a thriving multi-family oasis" " Potential income 360K based on renting each unit for 2300/month and each garage for 500/month, Additional income potential by installing a coin laundry in the basement
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Deal is located in New Jersey. Deal, New Jersey has a population of 571. Deal is less family-centric than the surrounding county with 22.06% of the households containing married families with children. The county average for households married with children is 34%.
The median household income in Deal, New Jersey is $67,778. The median household income for the surrounding county is $110,356 compared to the national median of $69,021. The median age of people living in Deal is 38.9 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 24.3 degrees. The average rainfall is approximately 47.5 inches per year, with 24.9 inches of snow per year.
