1112-1130 Magnolia Ave | Camden, NJ 08103
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1112-1130 Magnolia Ave
Camden, NJ 08103
Magnolia Park Apartments · Multifamily Property For Sale
·
48 Units
INVESTMENT HIGHLIGHTS
- THE INVESTMENT: Magnolia Park Apartments is a classic 48-unit garden complex built in 1960 that is spread between three parcels, located in Camden, N
- LONG-TERM OWNERSHIP: Magnolia Park Apartments has been owned, cared for, and managed by current ownership for over a decade.
- IDEAL RESIDENCE: The property is centered around a large fenced-in courtyard with 4, 8, and 12-unit buildings, including on-site parking and laundry.
- STRONG UNIT MIX: Magnolia Park Apartments has an ideal apartment unit mix of 24 one-bedroom apartments and 24 two-bedroom apartments.
- VALUE-ADD: Value-add opportunity, with 17% below market for rents in a municipality with vacancy decontrol.
PROPERTY FACTS
| No. Units | 48 | Building Size | 30,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1960 |
| Building Class | C | Parking Ratio | 1/1,000 SF |
| Lot Size | 2.10 AC |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.10 AC |
| Building Size | 30,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | - | 950 - 980 |
| 2+1 | 24 | - | 990 - 1,050 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,354,400 | |
| Land Assessment | $235,300 | Total Assessment | $1,589,700 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$235,300
Improvements Assessment
$1,354,400
Total Assessment
$1,589,700
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