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5 Apartments 7.90% Cap rate 110 Beloit Ave 5 Unit Apartment Building $970,000 ($194,000/Unit) 7.74% Cap Rate Audubon, NJ 08106

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EXECUTIVE SUMMARY

Located in a highly desirable area for rentals, close to downtown surrounded by Haddonfield , Cherry Hill and just minutes to Center City Philadelphia.
This 5 unit apartment complex, fully occupied cash cow waiting to be seized! Located in the heart of Audubon prime location and strong rental history, this property offers an unbeatable return on investment with even more upside. Four of the 5 units have been fully remodeled with excellent, tasteful upgrades throughout. One (1) bedroom Three (2) bedroom One (4) bedroom. The 4 Bedroom unit has a lot of upside...up to $2600 /month per Comps which would bring the total gross income up to $111,000/year.
110 Beloit is located in a quiet neighborhood surrounded by single family homes in a great area and good school systems. The tenants each pay their own utilities, share a large rear yard with parking on the side, laundry in each unit for tenants.
This is an amazing value add property with an already attractive CAP rate of 7.74% with an even higher rate on return with the 4-bedroom unit rented at market value.
Call or email Jason or Dawn for complete details, offering and tours.

PROPERTY FACTS

Price $970,000
Price Per Unit $194,000
Sale Type Investment
Cap Rate 7.74%
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.29 AC
Building Size 4,974 SF
Average Occupancy 100%
No. Stories 2
Year Built 1936

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Washer/Dryer Hookup
  • Heating
  • Hardwood Floors

SITE AMENITIES

  • Controlled Access
  • Tenant Controlled HVAC
  • Trash Pickup - Curbside
  • Walk-Up
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 2 - 450 - 500
2+1 2 - 500 - 600
4+1 1 - 1,300
Walk Score®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-00080-0000-00005
Land Assessment
$149,600
Improvements Assessment
$155,600
Total Assessment
$305,200
  • Listing ID: 35190698

  • Date on Market: 3/19/2025

  • Last Updated:

  • Address: 110 Beloit Ave, Audubon, NJ 08106

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