Multi-Family Properties…A Great Investment If You Can Get One

By fran-lichtman October 30, 2018

Last week we listed a 3 family home in West Orange. The property at 31 Kling was renovated by an investor. It included two 3 bedroom units, one 1 bedroom, basement storage, garage plus additional parking spots in the back.

We listed the place at a price that was higher than our Seller/Investor expected because we knew that places like this were not that easy to get and we know that whomever buys it will have a positive cash flow. West Orange is a large market and of the few multi-families homes available, this was the only 3 family. That 3rd unit makes a big difference in monthly profit.

We had over 40 showings in just 3 days. At the moment we are getting ready to present multiple offers to our Seller.

So if you are thinking about an investment either as a flip or a hold, consider a multi-family. Call us, we’d be happy to talk more details and guide you through the process.

The Lichtman Rabney Group at Hearth Realty is led by a former NYC attorney and a former Senior VP at Atlantic Recording Company. While we are award-winning agents with over 25 years combined experience in the local market, our true measure of success is through the satisfaction of our clients. It has never been our goal to do the greatest number of transactions, our goal is to bring the greatest value to you.