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Cramer Hill Quad 2707 Westfield Ave 8 Unit Apartment Building $450,000 ($56,250/Unit) 10.06% Cap Rate Camden, NJ 08105
Investment Highlights
- location, location, location
- prime rental market
- diversify your portfolio
Executive Summary
INVESTOR ALERT! Mixed use property located in the heart of the Bustling Westfield Business District in the highly desirable Cramer Hill section of BOOMING Camden! 2707 Westfield is a mixed use featuring a commercial space, which is currently vacant and was last occupied by a vape shop. Also includes three 1BD/1BTH apartments - all of which are currently rented. 2709 Westfield is also listed + offers four 1BD/1BTH apartments - three are currently occupied. Unit D provides basement access. Property offers small fenced backyard. Perfectly suited for a savvy investor or an owner occupant looking for easy access to Philly. Can be purchased separately or as a package for 450k each.
**Please contact The Gorman Group Team for showings - appointment must be confirmed in advance. Group showings ONLY. The next proposed Group Showing (not an open house), will be Tues (8/4) @ 10a. Please confirm your appointment in advance. Buyer MUST see property in person before offer will be considered. Offering memorandum with rent roll attached to listing.**
**Please contact The Gorman Group Team for showings - appointment must be confirmed in advance. Group showings ONLY. The next proposed Group Showing (not an open house), will be Tues (8/4) @ 10a. Please confirm your appointment in advance. Buyer MUST see property in person before offer will be considered. Offering memorandum with rent roll attached to listing.**
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$62,604
|
$11.74
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,130
|
$0.59
|
| Effective Gross Income |
$59,474
|
$11.15
|
| Taxes |
$6,577
|
$1.23
|
| Operating Expenses |
$7,639
|
$1.43
|
| Total Expenses |
$14,216
|
$2.67
|
| Net Operating Income |
$45,258
|
$8.48
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $62,604 |
| Annual Per SF | $11.74 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,130 |
| Annual Per SF | $0.59 |
| Effective Gross Income | |
|---|---|
| Annual | $59,474 |
| Annual Per SF | $11.15 |
| Taxes | |
|---|---|
| Annual | $6,577 |
| Annual Per SF | $1.23 |
| Operating Expenses | |
|---|---|
| Annual | $7,639 |
| Annual Per SF | $1.43 |
| Total Expenses | |
|---|---|
| Annual | $14,216 |
| Annual Per SF | $2.67 |
| Net Operating Income | |
|---|---|
| Annual | $45,258 |
| Annual Per SF | $8.48 |
Property Facts
| Price | $450,000 | Apartment Style | Low-Rise |
| Price Per Unit | $56,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 10.06% | Building Size | 4,400 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment |
| Price | $450,000 |
| Price Per Unit | $56,250 |
| Sale Type | Investment |
| Cap Rate | 10.06% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 4,400 SF |
| No. Stories | 2 |
| Year Built | 1900 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $1,143 | - |
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Total Assessment | $301,900 (2026) | |
| Land Assessment | $70,000 (2026) | Annual Taxes | $6,577 ($1.49/SF) |
| Improvements Assessment | $231,900 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$70,000 (2026)
Improvements Assessment
$231,900 (2026)
Total Assessment
$301,900 (2026)
Annual Taxes
$6,577 ($1.49/SF)
Tax Year
2025
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Cramer Hill Quad | 2707 Westfield Ave