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230 N Burlington St 5 Unit Apartment Building $779,000 ($155,800/Unit) 7.50% Cap Rate Gloucester City, NJ 08030
Investment Highlights
- Fully leased 5-unit multifamily with diverse unit mix
- Corner lot location in revitalizing Gloucester City
- Strong 7.5% cap rate with stable income stream
Executive Summary
Calling All Investors! 5-unit multi-family in desirable Gloucester. Property includes three 1-bedroom, one 2-bedroom, and one 3-bedroom units—fully tenant occupied. Current cap rate of 7.5%. Don't miss this opportunity to add a strong income-producing property to your portfolio.
Property Facts
| Price | $779,000 | Apartment Style | Townhome |
| Price Per Unit | $155,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 7.50% | Building Size | 4,148 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1967/2018 |
| Price | $779,000 |
| Price Per Unit | $155,800 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 4,148 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1967/2018 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 2 | - | - |
| 3+2 | 2 | - | - |
1 1
Property Taxes
| Parcel Number | 14-00021-0000-00015-01 | Improvements Assessment | $177,400 |
| Land Assessment | $21,100 | Total Assessment | $198,500 |
Property Taxes
Parcel Number
14-00021-0000-00015-01
Land Assessment
$21,100
Improvements Assessment
$177,400
Total Assessment
$198,500
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230 N Burlington St
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