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16 Campus Ter
Glassboro, NJ 08028
Campus Terrace · Multifamily Property For Sale
·
85 Units
Investment Highlights
- Proven 13.3% rent growth on post-acquisition leases
- $3.5MM in value creation potential without capital spend
- Easy access to Routes 55, 322, 47, and 42 for regional connectivity
- Utility reimbursements implemented across nearly all units
- Walking distance to Rowan University and major hospitals
- Strong commuter appeal with proximity to Philadelphia
Property Facts
| No. Units | 85 | Building Size | 90,336 SF |
| Property Type | Multifamily | Average Occupancy | 66% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1968 |
| Building Class | C | Parking Ratio | 1.32/1,000 SF |
| Lot Size | 3.44 AC | Cross Streets | Main Street |
| Zoning | R4 | ||
| No. Units | 85 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.44 AC |
| Building Size | 90,336 SF |
| Average Occupancy | 66% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.32/1,000 SF |
| Cross Streets | Main Street |
| Zoning | R4 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Window Coverings
Site Amenities
- Property Manager on Site
- Furnished Units Available
- Grill
- Package Service
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 33 | - | 627 |
| 2+1 | 52 | - | 750 - 930 |
Property Taxes
| Parcel Number | 06-00002-0000-00014 | Improvements Assessment | $1,550,000 |
| Land Assessment | $1,700,000 | Total Assessment | $3,250,000 |
Property Taxes
Parcel Number
06-00002-0000-00014
Land Assessment
$1,700,000
Improvements Assessment
$1,550,000
Total Assessment
$3,250,000
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