Listing Number: 189597-473442
Description
Opportunity to purchase a "special purpose" property, so you would be able to write off approximately $1.4 million of the $1.885 million (everything except the land value) in the first year. That loss can be used to offset other real estate income you have this year which is a great benefit! The loss can also be carried forward to use against future income if you don't use it all in 2025. In addition to the tax benefit, you would get a 7% cash on cash return from day one based on the 132k triple net rent. The tenant takes care of 100% of all costs associated with the property so there's no responsibility on the landlord. *Cash buyer only*
Listing Details
- Price: $1,885,000
- Down Payment: $1,885,000
- Sellers Discretionary Earnings: $0
- Total Sales: $0
- Location: Mercer County, New Jersey
- Inventory: $0
- FF&E: $0
- Employees:
- Reason for Selling: Property Upgrade
- Category: Real Property Rltd
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