114 E Park Ave - Apartments FOR SALE


Merchantville, NJ 08109
$429,000 USD
856-810-5712
114 E Park Ave, Merchantville, NJ for Sale
$429,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

114 E Park Ave
Merchantville, NJ 08109


HIGHLIGHTS

  • Conveniently situated near downtown Merchantville, just outside Philadelphia and close to Exit 4 of the NJ Turnpike and Route 38.
  • Includes two attached properties: a spacious townhouse and an adjacent duplex, offering diverse rental opportunities.
  • Features 4-5 bedrooms with potential additional bedroom in the attic; originally a duplex converted back to a single home
  • The duplex includes a newly renovated 1-bedroom unit on the first floor and a large 2-bedroom, 2-story unit on the second floor.
  • Each property has its own driveway and parking area for tenants, enhancing convenience and privacy.
  • Both properties feature a wrap-around front porch and backyard area, adding appeal for tenants.

OVERVIEW

Excellent opportunity located close to downtown Merchantville on Park Ave. just outside of Philadelphia, close to Exit 4 of NJ Turnpike off Route 38. Two separate properties attached with large town house and adjacent duplex making a great rental property. The townhouse is 4-5 bedrooms with an attic that could be an additional bedroom and was a previous duplex turned back to single home. The adjacent duplex is 1 BR newly renovated on the bottom floor and very large 2 bedroom/ 2 story unit on the 2nd floor. The properties have separate driveways for tenants for parking area, wrap around front porch and backyard area. Newer roof, laundry hookups for tenants, separate basements on each property for storage/ utilities. The townhome and 2-bedroom unit are very large units and with updating would bring rent much higher to market value. Fully occupied with great rental history and turnkey property for your portfolio. The Sale includes `112 & 114 E. Park on separate block and lots. Contact Jason Benstead for more information

FOR SALE DETAILS

PRICE

$429,000 USD

PRICE/SF

$123 USD /SF

# OF UNITS

3

PRICE/UNIT

$143,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Townhouse & Duplex (3 units total)

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,090 SF

ZONING

-

APN/PARCEL ID

24-00060-0000-00001-01

ASK ABOUT THIS PROPERTY

Jason BensteadBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
856-810-5712

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Jason BensteadBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
856-810-5712

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.