Lofty 1048 Hilton Rd

1.2 acres in Burlington County, New Jersey

Offering Details

The owner, 1048 Hilton Rd LLC, transferred their property's deed to a new LLC and is selling a portion of the LLC on the Lofty Marketplace. This property is the only asset owned by the LLC.
Tokens represent direct ownership in the LLC that owns the property. 1048 Hilton Rd LLC will maintain at least 10% ownership in the LLC indefinitely.
View proof of 1048 Hilton Rd LLC ownership prior to the title transfer and proof of title transfer here. View the LLC documents here.
1048 Hilton LLC will pay investors a Rental Yield of 7%. View Lease Agreement
The owner of 1048 Hilton Rd LLC passed a criminal background check via Checkr and has a credit score of 702 via Experian.
1048 Hilton LLC will pay for 100% of the maintenance costs and property taxes
View additional terms here

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.