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AUCTION! - Consolidated SFR Portfolio 34 Oakland St 26 Unit Apartment Building For Sale Bridgeton, NJ 08302
INVESTMENT HIGHLIGHTS
- Stabilized portfolio of 26 single-family homes
- Attractive long-term fundamentals with limited new housing supply
- Central Cumberland County location with access to NJ-49 and NJ-77
- Located in an established neighborhood near schools and retail
EXECUTIVE SUMMARY
AUCTION- Marcus & Millichap is pleased to present 1102-1116 Highway 77 & 24-36 Oakland St, Bridgeton, NJ 08302, a collection of twenty-four single-family homes and one
duplex located in Bridgeton, NJ. All units are consolidated onto two side-by-side parcels, creating a neighborhood feel. All units consist of three bedrooms and a mix of
one and two bathrooms, depending on the renovation status of each unit. There are nine units fully renovated and seventeen currently not renovated. Each unit consists
of approximately nine hundred square feet which does not include basement square footage. The investment provides an investor the opportunity to acquire twenty-six
cash flowing units on day one, with tremendous upside potential, achievable by continuing the renovation across the remaining units.
Each of the twenty six units includes a basement that either already has been, or potentially could be, renovated to include extra living space and a working second
bathroom. The renovated units are fitted with modern finishes, vinyl plank flooring, and new insulation. Each unit has forced gas heat, separately metered and paid for
by the tenant, as well as the electric.
Residents enjoy easy access to State Routes 77 and 56 and incredibly easy access to shopping. There is an ALDI grocery store just a five-minute walk South of the
property, and a Walmart just a six-minute walk North of the property. There is also a newly constructed Wawa directly across Maple Ave, a mere two-minute walk. Along
with multiple other national retailers within similar walking distance of the property, there are also two NJ Transit stops located less than a five-minute walk from the
property, the 553 and 410 lines. 553 takes riders into Camden County while the 410 takes commuters into Philadelphia. If commuting via car, residents can get to
Philadelphia in an hour and Wilmington, DE in forty-five minutes.
There is also room to build 1-2 more houses on the property!
duplex located in Bridgeton, NJ. All units are consolidated onto two side-by-side parcels, creating a neighborhood feel. All units consist of three bedrooms and a mix of
one and two bathrooms, depending on the renovation status of each unit. There are nine units fully renovated and seventeen currently not renovated. Each unit consists
of approximately nine hundred square feet which does not include basement square footage. The investment provides an investor the opportunity to acquire twenty-six
cash flowing units on day one, with tremendous upside potential, achievable by continuing the renovation across the remaining units.
Each of the twenty six units includes a basement that either already has been, or potentially could be, renovated to include extra living space and a working second
bathroom. The renovated units are fitted with modern finishes, vinyl plank flooring, and new insulation. Each unit has forced gas heat, separately metered and paid for
by the tenant, as well as the electric.
Residents enjoy easy access to State Routes 77 and 56 and incredibly easy access to shopping. There is an ALDI grocery store just a five-minute walk South of the
property, and a Walmart just a six-minute walk North of the property. There is also a newly constructed Wawa directly across Maple Ave, a mere two-minute walk. Along
with multiple other national retailers within similar walking distance of the property, there are also two NJ Transit stops located less than a five-minute walk from the
property, the 553 and 410 lines. 553 takes riders into Camden County while the 410 takes commuters into Philadelphia. If commuting via car, residents can get to
Philadelphia in an hour and Wilmington, DE in forty-five minutes.
There is also room to build 1-2 more houses on the property!
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 4.18 AC |
| No. Units | 26 | Building Size | 27,640 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1960 |
| Building Class | C | ||
| Zoning | B2 - typically refers to a Community Business or Neighborhood Business-Arterial district | ||
| Sale Type | Investment |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.18 AC |
| Building Size | 27,640 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Zoning | B2 - typically refers to a Community Business or Neighborhood Business-Arterial district |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gas Range
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 26 | - | 950 - 1,900 |
PROPERTY TAXES
| Parcel Number | 13-01209-0000-00001 | Improvements Assessment | $840,900 |
| Land Assessment | $288,000 | Total Assessment | $1,128,900 |
PROPERTY TAXES
Parcel Number
13-01209-0000-00001
Land Assessment
$288,000
Improvements Assessment
$840,900
Total Assessment
$1,128,900
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AUCTION! - Consolidated SFR Portfolio | 34 Oakland St
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