311 Broadway - Apartments FOR SALE


Laurel Springs, NJ 08021
$589,000 USD
856-810-5712
311 Broadway, Laurel Springs, NJ for Sale
$589,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

311 Broadway
Laurel Springs, NJ 08021


HIGHLIGHTS

  • Apartment complex
  • Investment property
  • 4 units

OVERVIEW

Here is your opportunity to add to your portfolio with an excellent property, well maintained in a good area of Laurel Springs with a lot of upsides for new owner. 311 Broadway is a 4-unit brick building on a large corner lot with 3,500 sq. ft. of space with many upgrades throughout in each unit. Top and bottom 2-bedroom apartments for each tenant, separate entrances, large parking area and yard in the rear of the property. Units were redone with stone counter tops, hardwood floors in kitchen, newer bathrooms and show very well. The basement area has two access points one for tenants for storage and laundry area and one for maintenance for landlord/ storage. The 4-2 Bedroom units all rent for $1300/ month in an area with zero properties available for rent per the MLS and upside for an average of $1800/month increase that would bring the total income to over $86,400 / year at market rent. The exterior is all brick with separate entrances in the front and deck/ stairs in the back for tenant's access. The property is just under half acre and sits on a corner lot across from the middle school. This is a great opportunity in a nice neighborhood to invest with plenty of upside.

FOR SALE DETAILS

PRICE

$589,000 USD

PRICE/SF

$175 USD /SF

# OF UNITS

4

PRICE/UNIT

$147,250

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Four unit apartment complex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

20-00030-0000-00001

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.