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Fully Occupied 4-Unit Multifamily. 8.80% CAP! 315 Burlington Ave 4 Unit Apartment Building $489,900 ($122,475/Unit) Delanco, NJ 08075
EXECUTIVE SUMMARY
This fully occupied 4-unit multifamily investment property is located at 315 Burlington Ave, Delanco, NJ. It consists of two 2-bedroom units and two 1-bedroom units, offering a variety of rental options. Situated on a large corner lot, the property features onsite parking and a garage for additional rental income. The property boasts a great rental history with long-term tenants, providing a stable source of income. With a 9% CAP Rate, this investment offers a strong return. Each unit has separate electric and gas meters, ensuring convenience for both landlord and tenants. The units have been well maintained and include upgrades throughout, making this property a valuable investment opportunity.
Contact Jon Benstead at (856) 465-9573 to schedule a showing.
Contact Jon Benstead at (856) 465-9573 to schedule a showing.
PROPERTY FACTS
| Price | $489,900 | Building Class | C |
| Price Per Unit | $122,475 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 2,169 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1880 |
| Apartment Style | Single-Family Home | ||
| Zoning | C-1 - zoning allows for small-scale commercial establishments like convenience stores, cafes, and small offices, serving the immediate neighborhood | ||
| Price | $489,900 |
| Price Per Unit | $122,475 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,169 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1880 |
| Zoning | C-1 - zoning allows for small-scale commercial establishments like convenience stores, cafes, and small offices, serving the immediate neighborhood |
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Fully Occupied 4-Unit Multifamily. 8.80% CAP! | 315 Burlington Ave
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