Investment Property Realty Group Unveils Plainfield’s Premier Multifamily Gem

In the heart of Plainfield, New Jersey, a remarkable opportunity has emerged for investors seeking to expand their portfolios in the multifamily real estate sector. Investment Property Realty Group (IPRG), a leading name in the commercial real estate market, has been selected to exclusively market the sale of The Station at Netherwood, a newly completed mixed-use property that promises both residential and retail potential. Completed in 2024, this fully leased property is poised to attract investors looking for a prime investment property in a growing urban area.

The Station at Netherwood is strategically positioned at 1008-1014 South Avenue, occupying nearly one acre of prime real estate. This five-story building offers a combination of 42 residential units and 1,456 square feet of ground-floor retail space, making it an attractive option for those interested in multifamily investments. With its modern design and favorable location, the property is set to contribute significantly to the revitalization of the Plainfield area, offering a unique blend of community and commerce.

Overview of The Station at Netherwood

The Station at Netherwood is not just another investment property; it is a carefully crafted mixed-use development that incorporates contemporary living with retail opportunities. Its design reflects the growing demand for urban living spaces while maintaining the charm of Plainfield’s historical roots.

Architectural Features and Amenities

The Station at Netherwood boasts a modern architectural style that is both appealing and functional. The property features:

• Five stories of residential living
• A total of 42 residential units, including various layouts to accommodate different tenant needs
• 1,456 square feet of ground-floor retail space, ideal for local businesses
• Modern amenities such as fitness centers, community lounges, and outdoor spaces for residents
• Energy-efficient building systems that contribute to sustainability

Strategic Location in Plainfield

Located near public transportation and major roadways, The Station at Netherwood benefits from easy access to New Jersey’s urban centers, including Newark and New York City. The property is situated in a vibrant neighborhood, making it attractive for renters who desire convenience without sacrificing lifestyle quality.

Investment Potential in Multifamily Real Estate

Investing in multifamily real estate has proven to be a lucrative opportunity, particularly in areas experiencing growth and development like Plainfield. The Station at Netherwood stands out for several reasons:

Diverse Revenue Streams

The combination of residential and retail spaces allows for diversified income potential. Investors can benefit from consistent rental income from the residential units while also capitalizing on the retail component, creating multiple revenue streams.

Strong Demand for Rentals

With an increasing population and a lack of available housing, the demand for rental properties in Plainfield is on the rise. The Station at Netherwood, with its modern amenities and prime location, is well-positioned to attract a steady flow of tenants.

Market Trends in Plainfield’s Real Estate Scene

Plainfield is experiencing a renaissance, characterized by an influx of new businesses, improved infrastructure, and an enhanced quality of life. These factors contribute to a robust real estate market that is particularly favorable for multifamily investments.

Economic Growth and Development

The city’s economic development initiatives have focused on revitalizing downtown areas, improving public transportation, and enhancing community services. As a result, Plainfield is becoming a desirable destination for families and young professionals alike, driving demand for multifamily housing.

Comparison with Other Investment Opportunities

When compared to single-family homes or commercial office spaces, multifamily properties like The Station at Netherwood offer a more stable investment due to their ability to generate consistent cash flow. Investors can mitigate risks associated with vacancy rates, as multiple units provide a buffer against income loss.

Benefits of Working with Investment Property Realty Group

IPRG’s expertise in the New Jersey real estate market makes them an invaluable partner for potential investors in The Station at Netherwood. Here are some benefits of working with IPRG:

• Extensive market knowledge and local insights
• Strong negotiation skills to secure the best possible terms
• Access to a network of qualified investors and buyers
• Comprehensive marketing strategies to maximize property exposure
• Ongoing support and guidance throughout the investment process

Frequently Asked Questions (FAQ)

1. What is the asking price for The Station at Netherwood?

The specific asking price for The Station at Netherwood has not been disclosed publicly. Interested investors are encouraged to contact Investment Property Realty Group for detailed financial information.

2. Are the residential units currently leased?

Yes, all 42 residential units in The Station at Netherwood are fully leased, ensuring immediate cash flow for investors upon acquisition.

3. What types of retail businesses are suitable for the ground-floor space?

The ground-floor retail space can accommodate various business types, including cafes, boutique shops, service-oriented businesses, and more, enhancing the community’s vibrancy.

4. How can I find out more about financing options for this investment property?

Investment Property Realty Group can provide information on various financing options available for investors interested in purchasing The Station at Netherwood.

5. What is the expected return on investment (ROI) for this property?

While exact ROI figures can vary, the combination of fully leased residential units and retail opportunities suggests a favorable investment outlook. Potential investors should consult with financial advisors for tailored projections.

Conclusion

The unveiling of The Station at Netherwood marks a significant milestone in Plainfield’s real estate landscape. With its modern design, prime location, and strong rental demand, this mixed-use property represents a phenomenal investment opportunity for those interested in multifamily real estate. By partnering with Investment Property Realty Group, investors can take advantage of the growing market in Plainfield and secure a property that promises both immediate and long-term returns. Whether you are a seasoned investor or new to the multifamily market, The Station at Netherwood is poised to be a valuable addition to any real estate portfolio.

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