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600-606 Station Ave 8 Unit Apartment Building $1,395,000 ($174,375/Unit) 7% Cap Rate Haddon Heights, NJ 08035
INVESTMENT HIGHLIGHTS
- Trophy Bldg Curb Appeal, Pride of Ownership, Stable Long Term Headache & Hassle Free Tenants, Tenants Pay on the First, Bldg Practically Runs itself
EXECUTIVE SUMMARY
Buy this NO RENT CONTROL Trophy Landmarked Building w/ Tremendous CURB APPEAL & Sleep Well as an Investor w/ Stable Tenancy, Tenants pay on the first & No Arears.
This Building is @ the Very Heart of The Retail Corridor of this “Affluent Bedroom Community”, Anchors the Retail Strip & adjoins other quant shops.
It is also Next door to The Library, Across the St from Boro Hall & The Municipal Court, Post Office & PNC Bank.
Demographics: Population: 7,488 Median Household Income 1-Mile: $126,055 5-Miles: $90,387 10 Miles from Center City Philadelphia (pop 1,517,000)right by the PATCO Station
The Retail Tenants have been featured on Local & Pa. News Stations, Featured in Print Publications & are Local Treasures + Upstairs Long Term Tenants & almost no Vacancies.
This Building is @ the Very Heart of The Retail Corridor of this “Affluent Bedroom Community”, Anchors the Retail Strip & adjoins other quant shops.
It is also Next door to The Library, Across the St from Boro Hall & The Municipal Court, Post Office & PNC Bank.
Demographics: Population: 7,488 Median Household Income 1-Mile: $126,055 5-Miles: $90,387 10 Miles from Center City Philadelphia (pop 1,517,000)right by the PATCO Station
The Retail Tenants have been featured on Local & Pa. News Stations, Featured in Print Publications & are Local Treasures + Upstairs Long Term Tenants & almost no Vacancies.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Miscellaneous
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$142,200
|
$15.72
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$142,200
|
$15.72
|
| Taxes |
$24,252
|
$2.68
|
| Operating Expenses |
$21,207
|
$2.34
|
| Total Expenses |
$45,459
|
$5.02
|
| Net Operating Income |
$96,741
|
$10.69
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $142,200 |
| Annual Per SF | $15.72 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $142,200 |
| Annual Per SF | $15.72 |
| Taxes | |
|---|---|
| Annual | $24,252 |
| Annual Per SF | $2.68 |
| Operating Expenses | |
|---|---|
| Annual | $21,207 |
| Annual Per SF | $2.34 |
| Total Expenses | |
|---|---|
| Annual | $45,459 |
| Annual Per SF | $5.02 |
| Net Operating Income | |
|---|---|
| Annual | $96,741 |
| Annual Per SF | $10.69 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
1 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 18-00029-0000-00001 | Total Assessment | $705,000 |
| Land Assessment | $115,500 | Annual Taxes | $24,252 ($3.04/SF) |
| Improvements Assessment | $589,500 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
18-00029-0000-00001
Land Assessment
$115,500
Improvements Assessment
$589,500
Total Assessment
$705,000
Annual Taxes
$24,252 ($3.04/SF)
Tax Year
2025
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Perlstein Properties
600-606 Station Ave
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