Current Opportunities1170 Delsea Drive-Westville NJMixed-Use Value-Add OpportunityUnits: 18 Apartments / 20 Office Suites


Current Position
The residential portion of the property is fully occupied, providing a stable income base. The commercial component includes several vacant and underutilized office units, creating immediate opportunity for income growth

Value-Add Opportunity
This property presents a repositioning opportunity through the potential conversion of office space into residential units.

  • At least 5 units can be converted to residential use by right
  • Additional units may be converted through variance approval
  • Significant upside through increased residential income

Investment Perspective
Rather than functioning solely as a mixed-use asset, this opportunity can be viewed as a potential multifamily conversion play, where strategic execution could materially increase the property’s income and overall value.

Investment Perspective
Rather than functioning solely as a mixed-use asset, this opportunity can be viewed as a potential multifamily conversion play, where strategic execution could materially increase the property’s income and overall value.

150–156 Preston Street – Hartford, CT
Multifamily Investment AnalysisOverview
Asking Price: $989,000
Units: 8
Property Type: MultifamilyCurrent Position
Fully occupied 8-unit multifamily property with stable in-place income. Several units have been renovated, with remaining potential for additional improvements. Investment Perspective
This property represents a more traditional multifamily investment opportunity focused on steady cash flow and long-term hold potential. Based on initial review, the deal offers solid income performance, though actual operating expenses may be higher than reported, which could impact overall returns.
Reviewed as part of ongoing market analysis. Note
This is not a controlled or marketed opportunity. Shared for analysis and educational purposes.
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