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For Sale
Turbine Lofts
73 Washington Street,
Mount Holly, NJ 08060
Mount Holly, NJ 08060
Asset Snapshot
2020
Year Built
36 Units
Unit Count
0 SF
Average Unit Size
32,764 SF
Property Size
Offering Summary
Investment Overview
Turbine Lofts is a three-story building with 36 residential units.Investment Highlights
- Built in 2020, these luxury loft style apartments are located in downtown Mount Holly, NJ which sits just 8 miles from Joint Base McGuire-Dix-Lakehurst and approximately 25 miles east of Philadelphia, PA.
- Rents trail comparable properties in the marketplace by 5%-10%, providing immediate upside potential in stabilizing existing unit rents on turnover.
- 30 year tax PILOT, protecting prospective purchaser of any reassessment risk upon acquisition.
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