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Investment Opportunity | 24 Units available 415 Hamilton Ave 24 Unit Apartment Building $4,750,000 ($197,917/Unit) 7.68% Cap Rate Blackwood, NJ 08012
EXECUTIVE SUMMARY
Oasis Apartments is a 24-unit residential community located in the heart of Blackwood, offering a blend of comfort, convenience, and visibility. The complex features 22 spacious two-bedroom units, including two premium one-bedroom apartments. Each unit is thoughtfully designed with ample closet and storage space, central air conditioning, tile-surround bathtubs, granite countertops, laminate flooring, and stainless steel appliances.
Strategically positioned along North Black Horse Pike, the property benefits from high visibility and direct access to Route 42. Residents enjoy convenient public transportation via NJ Transit, with nearby stops at Route 168 and Lincoln Avenue providing direct access to Philadelphia in just 45 minutes.
The area offers abundant shopping options, including Gloucester Premium Outlets, Deptford Mall, and Cherrywood Plaza.
The complex is situated within a designated redevelopment zone and is not subject to rent control regulations.
Find Offering Memorandum Attached.
Major employers in the vicinity include Camden County College, Pennco Tech, and Fun City Adventure Park—making Oasis Apartments an ideal location for both commuters and families.
Strategically positioned along North Black Horse Pike, the property benefits from high visibility and direct access to Route 42. Residents enjoy convenient public transportation via NJ Transit, with nearby stops at Route 168 and Lincoln Avenue providing direct access to Philadelphia in just 45 minutes.
The area offers abundant shopping options, including Gloucester Premium Outlets, Deptford Mall, and Cherrywood Plaza.
The complex is situated within a designated redevelopment zone and is not subject to rent control regulations.
Find Offering Memorandum Attached.
Major employers in the vicinity include Camden County College, Pennco Tech, and Fun City Adventure Park—making Oasis Apartments an ideal location for both commuters and families.
PROPERTY FACTS
| Price | $4,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $197,917 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.60 AC |
| Cap Rate | 7.68% | Building Size | 30,550 SF |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.13/1,000 SF |
| Zoning | BWRD; Gloucester Twp | ||
| Price | $4,750,000 |
| Price Per Unit | $197,917 |
| Sale Type | Investment |
| Cap Rate | 7.68% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 30,550 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.13/1,000 SF |
| Zoning | BWRD; Gloucester Twp |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Heating
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 650 |
| 2+1 | 22 | - | 700 |
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PROPERTY TAXES
| Parcel Number | 15-10601-0000-00007 | Improvements Assessment | $707,000 |
| Land Assessment | $192,000 | Total Assessment | $899,000 |
PROPERTY TAXES
Parcel Number
15-10601-0000-00007
Land Assessment
$192,000
Improvements Assessment
$707,000
Total Assessment
$899,000
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Investment Opportunity | 24 Units available | 415 Hamilton Ave
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