525 Cinnaminson Ave - Apartments FOR SALE


Palmyra, NJ 08065
$589,000 USD
856-810-5712
525 Cinnaminson Ave, Palmyra, NJ for Sale
$589,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

525 Cinnaminson Ave
Palmyra, NJ 08065


OVERVIEW

Excellent investment opportunity in downtown Palmyra bordering Cinnaminson and located just minutes from Philadelphia and close to Exit 4 of The NJ Turnpike. Just under 4,000 sq. ft. brick building on 2 stories with 3 storefronts on the first floor and 2 apartments on the 2nd floor with large parking area in the rear of the building. The property is fully occupied and has excellent upside in rental income with rents below market value. One 3 Bedroom unit upstairs and one bedroom apartment with front and rear access and common area entrance to upstairs. Separate utilities throughout for each tenant, newer roof, plenty of upgrades throughout the building. Each retail unit has been leased long term with one business in same location for 50 years. Owner is retiring after 50+ years. This is a confidential sale for more information please contact or email Jason Benstead (609)870-6909.

FOR SALE DETAILS

PRICE

$589,000 USD

PRICE/SF

$155 USD /SF

# OF UNITS

5

PRICE/UNIT

$117,800

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

27-00084-0000-00014-04

ASK ABOUT THIS PROPERTY

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.

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.