1.2 acres in Burlington County, New Jersey, Lofty
Property Type : Land
Condition : Active
Price per Token : $50.00
Return Cash (exp) ? : 7.00%
Return IRR (exp) ? : 42.97%
Minimum Investment : 1 Token
Total Property Size : 49041 sqft
Total Property Value ? : $259,800

 

1.2 acres in Burlington County, New Jersey


1.2 acres in Burlington County, New Jersey – owned free-and-clear with no debt.
Waterfront vacant land just 5 minutes by car or boat from Philadelphia. The co-owner advised there are very few vacant land parcels in the area.
The owner’s plan is to sell the land in 3-5 years and realize the appreciation. A governance vote will take place at this time to determine if investors would like to sell the land.
The owner has been a real estate investor since 2012 and started purchasing land in 2021. They own additional parcels in New Jersey, Pennsylvania and New York totaling nearly 200 acres.
Per the Comparables sheet, the average price per sqft of comparable land was in 2020 was 2020 was $1.783/sqft. The appraised price per sqft of this land parcel is $4.99 per sqft. This is a 35.9% annual appreciation rate over a 5 year period.
The owner has been a residential real estate investor since 2012 and started purchasing land in 2021. They own 5 other parcels in New Jersey and New York totaling 45 acres, and have another 100 acres pending under contract. They plan to list the additional land parcels on Lofty.

 

 

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