503 Delair Ave - Apartments FOR SALE


Pennsauken, NJ 08110
$1,500,000 USD
856-858-2200
503 Delair Ave, Pennsauken, NJ for Sale
$1,500,000 USD
Apartments - FOR SALE
1/40
null | 8.13% Cap Rate

503 Delair Ave
Pennsauken, NJ 08110


HIGHLIGHTS

  • Prime location
  • Steady cash flow
  • Landlord to provide DCA

OVERVIEW

INCREDIBLE investment opportunity! Fully occupied property located on quiet street near Betsy Ross Bridge featuring x12 one Bedroom units which are completely tenant occupied. x1 unit on the end of the building features two bedrooms. well-maintained Basement has been recently redone & offers new concrete floors & an abundance of extra storage. Conveniently located near various major highways with easy access into Philly for commuters. Landlord to provide DCA with the sale. Great opportunity for landlords as Pennsauken does not require annual registration with the city, only a DCA which was completed earlier last year. You won't want to miss this multi-family property with endless income potential! Offer memorandum w/ rent roll can be found in the Bright documents. Please reach out to listing agent to schedule - appointment must be confirmed by 6p the day before. Group showings ONLY. The next proposed Group Showing (not an open house), will be Wed 2/5 @ 4:00p.**

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

13

PRICE/UNIT

$115,385

CAP RATE

8.13%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

-

APN/PARCEL ID

27-01309-0000-00007

ASK ABOUT THIS PROPERTY

Patrick GormanKeller Williams Main Street RealtyMore Info
856-858-2200

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Patrick GormanKeller Williams Main Street RealtyMore Info
856-858-2200

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