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The Fries Bldg 600-606 Station Ave 8 Unit Apartment Building $1,395,000 ($174,375/Unit) 7% Cap Rate Haddon Heights, NJ 08035
Investment Highlights
- NO RENT CONTROL! Trophy Bldg Curb Appeal, Pride of Ownership, Stable Long Term Headache Free 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 |
$142,500
|
$15.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$142,500
|
$15.75
|
| Taxes |
$24,252
|
$2.68
|
| Operating Expenses |
$21,207
|
$2.34
|
| Total Expenses |
$45,459
|
$5.02
|
| Net Operating Income |
$97,041
|
$10.73
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $142,500 |
| Annual Per SF | $15.75 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $142,500 |
| Annual Per SF | $15.75 |
| 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 | $97,041 |
| Annual Per SF | $10.73 |
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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Street
Map
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Presented by
Perlstein Properties
The Fries Bldg | 600-606 Station Ave
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