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DESCRIPTION

Unique investment opportunity. Offering a 71 unit portfolio made up of predominately 3 bedroom 1 to 2 bathroom single family homes based in owner occupied neighborhoods. Proforma Cap Rate as high as 5.87%, but potential for increase in overall rent roll. $940,000 Proforma NOI. There is a significant upside in future rent roll and overall equity. This is a portfolio sale, not a single property.

KEY DETAILS
  • Price:
  • $16,000,000
  • Bedrooms:
  • 3
  • Full Baths:
  • 0
  • Square Footage:
  • 1,224
  • Acreage:
  • 0.51
  • Year Built:
  • 1910
  • MLS #:
  • NJCD2009480
  • Street Address:
  • 830 Longwood Ave
  • City:
  • Cherry Hill
  • State:
  • NJ
  • Postal Code:
  • 08002
  • County:
  • Camden
  • Area:
  • Cherry Hill Twp (20409)
  • Listing Status:
  • For Sale - Active

Building

  • Dwelling Type:
  • Detached
  • Finished Above Ground Square Footage:
  • 1224
  • Finished Square Feet:
  • 1224
  • Foundation:
  • Crawl Space
  • Number Of 1 Bedroom Units:
  • 1
  • Number Of 2 Bedroom Units:
  • 1
  • Number Of 3 Bedroom Units:
  • 1
  • Number Of Units:
  • 1
  • Other Buildings:
  • Above Grade, Below Grade
  • Square Footage Source:
  • Assessor
  • Style:
  • Ranch/Rambler, Colonial, Cape Cod
  • Total Building Square Footage:
  • 1224
  • Year Built:
  • 1910
  • Year Built Source:
  • Assessor

Business

  • Gross Income:
  • 1480350.00
  • Net Operating Income:
  • 938580.00

Land

  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Residential
  • Lot Description:
  • 80.00 X 280.00
  • Lot Square Footage:
  • 22400.00

Listing

  • Days On Market:
  • 50
  • Lease Type:
  • Yearly
  • On Market Date:
  • 2021-10-22
  • Originating Mls:
  • Bright
  • Special Conditions Of Sale:
  • Standard

Location

  • Tax Municipality:
  • Cherry Hill Twp

Money

  • Price Per Square Foot:
  • 13071.90
  • Property Taxes:
  • $5,242
  • Tax Year:
  • 2021

Structures

  • Pool Description:
  • No Pool

Systems

  • Existing Water:
  • Public
  • Sewage Type:
  • Public Sewer

Source

  • Listing Provided By Keyvest

    © 2022 BRIGHT, All Rights Reserved


    BRIGHT
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SCHOOL RATINGS
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SCHOOL DISTRICT: CHERRY HILL TOWNSHIP PUBLIC SCHOOLS

NOTES

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