SUSSEX COUNTY VALUE-ADD PORTFOLIO 62 King Cole Rd

The Sussex County Portfolio features two well-positioned properties in Sussex and Hamburg, NJ, comprising a total of 37 apartment units and one retail space. With a mix of studios, one-bedroom, and two-bedroom apartments, these properties, built in 1920 and 1952, offer consistent rental income. The current rents are slightly below market rates, presenting a promising opportunity for gradual rent increases.
These properties boast excellent accessibility to New York City, with NJ Transit buses providing direct service from the Route 23 Southbound at St. John’s Church bus stop in Sussex to the Port Authority Bus Terminal in approximately 1 hour and 10 minutes. Major roadways like Routes 15, 206, and 23 further enhance connectivity. Residents benefit from a wealth of local amenities, including parks, wildlife refuges, and recreational activities such as hiking and golfing. The suburban tranquility is complemented by easy access to essential services, shopping, and dining options, supported by well-regarded schools. Additionally, the proximity to major employers such as Crystal Springs Resort, Newton Medical Center, Selective Insurance, Mountain Creek, and Thor Labs offers diverse job opportunities.
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