Charles Blumenkehl, managing partner of Blue Asset Management LLC, announced his company has listed for sale multi-family properties located in Hudson County, New Jersey. According to Blumenkehl, "Our Boyd Avenue and Rutgers Avenue properties are great investments for someone looking to create equity and cash flow. Because the properties are a fourplex and two family respectively, they are smaller than what we would like to keep in our management portfolio for the area, and so the decision was made to list the properties for sale." Blumenkehl said the Boyd Ave. property was completely upgraded, with permits completed for a new roof and upgraded seperate electrical systems, and also has all new flooring, appliances and many other features throughout.
The Rutgers Avenue property is a two family home with off street parking which according to Blumenkehl was also updated and has many new features. Blumenkehl said, "While we view the Hudson county corridor as an area with great investment potential due to its proximity to New York, its affordability relative to the surrounding markets and the addition of the local transit lines, we recognize our need to focus on larger properties for our portfolio and allow smaller operators the opportunity to maintain these solid investments."
Both properties are listed with Rosario Romero of Live Realty in North Bergen, New Jersey, exclusive broker for Blue Asset Management LLC in the Hudson County area. For more information about these properties, contact Ms. Romero at 201 869-8250.
Blue Asset Management LLC was founded by Charles Blumenkehl in 2008 to leverage the opportunities made available as a result of the mortgage crisis over the last few years. Blue Asset Management LLC is a buyer and seller of performing and non-performing mortgages, distressed and investment Real Estate. For more information about Blue Asset Management LLC or Charles Blumenkehl, log onto the company website at www.blueassetmanagementllc.com or call the company directly at 973 835-1400.