West Camplain House Acquires Manville, NJ Multifamily For $925,000

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $925,000
• Date: 01/13/2022
• Address: 815 W Camplain Rd, Manville, NJ
• Market: Manville, NJ
• Units: 12
• Price Per Unit: $77,083

The property involved in this transaction is a multifamily asset located at 815 W Camplain Rd in Manville, NJ. The sale took place on January 13, 2022, with a transaction amount of $925,000. The property consists of 12 units, and the price per unit is approximately $77,083.

The buyer of the property is West Camplain House, while the seller is Greg Hutzler and Gail Powelson. Max Levinston from Kislak Realty represented the buyer as their broker, and Tracee Schaefer and James Lubas from RE/MAX Preferred Professionals represented the seller. These individuals played key roles in facilitating the transaction.

It is worth noting that this deal presents an aggressive cap rate and significant upside in rents, indicating potential for future growth and profitability.