Pennsauken Township, NJ
Property Type: MultifamilySize: 4 Units
Price: See Broker for Details
CAP: See Broker for Details
Highlights:
- 4 Units in Pennsauken Township, New Jersey
- Large Value Add Potential: Rents Average $368 Below Market
- Long-Term Ownership: Seller has Owned Property Since 2011
- Tenant-Paid Heat in All Units
Description:
Marcus & Millichap is pleased to present for sale 3312 Cove Rd - A 4-unit apartment building located in Pennsauken Township, NJ. The building contains all two-bedroom units that have been updated in recent years with new cabinets, granite countertops, hardwood flooring and renovated bathrooms. The units all feature in-unit washer/dryer combinations and have separate entrances. The parking lot out back is in very good condition and can fit up to 8 cars.
The Property is located in the very desirable Camden County and is in proximity to the major thoroughfares of South Jersey and the Cherry Hill Mall. The below-market rents allow an incoming investor to capture the remaining upside in the property upon turnover without doing much work, given the excellent status of the apartments.
Please reach out to listing agents if you would like to view the Offering Memorandum.
